Tatarstan President meets with Russian Minister of Finance

On August 5, at their meeting in Kazan, Tatarstan President Rustam Minnikhanov and Russian Minister of Finance Anton Siluanov discussed the proposal of Russian Ministry of Finance on optimization of the tax system by introducing the so-called “Big tax manoeuvre”, its influence on efficiency of financial and economic activity of enterprises of TAIF group in 2015-2016 and the volume of revenue side of Tatarstan budget.

Representatives of TAIF group presented the mechanism of compensatory payments for preventing the rise of raw materials costs for petrochemical enterprises and keeping efficiency of prospective investment projects.

Tatarstan Minister of Finance Radik Gaizatullin and representatives of OAO TAIF took part in the meeting.

The “Big tax manoeuvre” offered by Russian Ministry of Finance is connected with the foundation of Eurasian Economic Union and implies step-by-step decrease of oil export duty, oil products excise duty and increase of mineral tax at the same time.