Articles

❯

Increased Taxes Take a Bite out of Innovative Small Business

DEVELOPMENTS 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.