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Social tax increase in Russia
Social security tax will be increased from 26% in the year 2010 to the 34% in 2011. Reason of this increase is the higher state budget expense level. From the increase is expected additional budget income of 25 billion euros a year. But there is a threat that this kind of increase will cause recognizable slowdown of the economy and part of the business can be moved to the gray economy zone.
In English News Social tax increase in Russia