Increased Taxes Take a Bite out of Innovative Small Business

By Alec Luhn
Aug 26, 2011
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An internal argument over higher taxes on business has been shepherded to a close by Russia’s prime minister Vladimir Putin in a decision that deals a blow to Russia’s innovation-based small businesses. The compromise also represents a setback for President Dmitry Medvedev, who has spearheaded attempts to stimulate small business, in the run-up to parliamentary elections this fall and the presidential election next spring.

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