Dreams of the VAT reduction crashed on the Ministry of Finance

The business of war rules igry18-09-2008 Dreams of the VAT reduction crashed on the Ministry of Finance Finance Minister Alexei Kudrin has decided to end intimidate lobbyists to reduce the value added tax. Compelling argument that restrain their zeal in promoting their own ideas. The Minister said that the decision to lower the rate of value added tax (VAT) to 12% would increase inflation by 3,8% and no stimulation of economic growth will not be. Thus, the effect of reducing the VAT will be directly opposite to that which expects the business community and Economic Development. Scenario of economic development until 2020, prepared by the Ministry of Economic Development, is a threat to the stability of the financial system, warned Finance Minister Alexei Kudrin, who gathered for a meeting. A leading expert at the Center for Macroeconomic Analysis and Short-Term Forecasting Dmitry Belousov (CMASTF) in an interview Bigness.ru troubled calculations Minister of Finance: "We have done calculations of inflation, given the reduction in VAT to 12%, but it amounted to a maximum increase of 1,5%. From Alexey Kudrin took me 3,8% is not very clear. "