The Finance Ministry has estimated the annual volume of “grey” salaries in Russia
MOSCOW, 20 APR — RIA Novosti. The Finance Ministry estimates the volume of “grey” salaries in Russia in more than 10 trillion rubles a year, said Finance Minister Anton Siluanov.
“The volume of “gray” wages Fund is more than 10 trillion rubles a year, which is a consequence of deep structural disproportions, including in levels of tax burden between “white” and “gray” economy,” he said, speaking at the Collegium of the Ministry of Finance.
According to him, the way forward lay in a combination of economic incentives by changing the structure of the tax burden, with lower rates of direct taxes on labour and increasing rates of indirect taxes and other mechanisms of bringing the economy out of the shadows — expanding the use of cashless payments, traceability of transactions, taxpayers, etc.
“The reduction of the informal sector is substantial scope for improving the collection of taxes”, — said Siluanov.