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The Government has approved a tax amnesty

August 11 2005

The Russian government approved amendments to the legislation providing citizens with the opportunity of declaring in a simplified way of cash.

The Ministry of Finance is ready to discuss the reduction from 13 to 7% of the amount of the levy paid by the citizens of the declaration of income not previously declared in Russia. Such a declaration was made today at a cabinet meeting , Finance Minister Alexei Kudrin

After graduating from amnesty penalties in case of a fiscal nature of crime will be "very hard", said Finance Minister Alexei Kudrin, RBC reports.

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