Pension reform Finance Minister tipped dip

Finansy19-08-2008 Pension Reform Finance tipped the failure to raise taxes for working to increase pensions older generation - the Ministry of Finance is preparing another pension reform. The plan provides for the actual growth of income tax on young people and increase the unified social tax, as well as increasing the retirement age. Ministry of Finance is preparing another pension reform. The plan provides for the actual growth of income tax on young people and increase the unified social tax. In accordance with the proposals of the Ministry of Finance, citizens younger than 40 years will have to compulsorily pay to the Pension Fund 3% of its income (with parts not exceeding 1.1 million per year). That is, the income tax is actually expected to increase from 13% to 16% in fact will be discussed on a partial redeployment of the unified social tax in favor of current retirees. In addition, the Treasury is going n ovysit UST revenues from employers, and ultimately to increase the retirement age. These suggestions Office Alexei Kudrin will the government this week. Experts believe that the Finance Ministry will achieve 30 per cent, but only at the expense of citizens and an additional fiscal burden on companies.