cross-posted from: https://scribe.disroot.org/post/4740484
- Russia will run a 4.6 trillion ruble budget deficit in 2026, its fifth in a row, due to falling revenue and war spending.
- The VAT rate will rise to 22% next year, and more companies will be forced to pay it to boost revenue.
- Russia plans to borrow 2.2 trillion rubles and scrap tax breaks for small businesses to cover the widening gap.
You must log in or register to comment.
deleted by creator
Well, the Hungarian VAT is 31.5 percent, and we aren’t even at war.
Wow! I thought Denmark’s 25% was high… 🫡
Hungary has a very low income tax. Hence the high VAT. Denmark has both high VAT and income tax.
