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Officials want to study the tax burden on the mining industry, a media report said – Russia news today

Officials want to study the tax burden on the mining industry, a media report said

© RIA Novosti / Denis Persperate in photomacrography coal. Archival photoOfficials want to study the tax burden on the mining industry, a media report said© RIA Novosti / Denis Persperate the image Bank

Officials at a meeting with Deputy Prime Minister Dmitry Kozak on Wednesday decided to study the tax burden on the mining and manufacturing industries, the newspaper «Vedomosti» with reference to participants and Federal officials.

Companies pay more tax than coal or potash company, and it’s not really fair, said one of the participants. On these two branches, the load really can grow, but first you need to perform it, said the publication of the official financial-economic bloc.

Kozak has offered a comprehensive look at the balance of tax burden on different sectors and present the results by the spring of 2019, said the publication of the official financial-economic bloc. According to him, you need to understand all the industry and individual benefits to the processing industry was encouraged more than mining. The representative of the Kozak declined to comment to the newspaper.

Earlier, Deputy Prime Minister already proposed an inventory of benefits – but only for oil. The meeting discussed only the possibility to evaluate the level of fiscal burden, said the representative of the Ministry of Finance. Representatives of Evraz, Mechel, SUEK and Uralkali declined to comment.

According to the publication, the increased tax burden on coal, steel and chemical company periodically discussed for at least the last 10 years. The last time I do it in a letter to Russian President Vladimir Putin proposed his assistant Andrei Belousov: to consider the idea to withdraw the surplus from higher prices for their products, and the weakening of the ruble. Listed in the letter of 14 companies, according to his calculations, would pay to the budget 513,66 billion.

The government from raising taxes in the summer, refused, and now officials are discussing with business to increase investment, including in infrastructure. But the idea is to study the tax burden on mining companies is associated with the letter Belousov, the official acknowledged.

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