Arrrggghhh... after liberating the Crimea from the Ukrainian welfare-queen policies and crony capitalism, the Russians are affirming the Hong Kong style "One country, two systems" independence of the Crimean SEZ. Of course the first thing any state should do is reduce, if not eleiminate, taxes and so the Russians are doing so.
But only for "big investors."
Feel free to forward this by email to three of your friends.
But only for "big investors."
Talking to the Government meeting on Monday Medvedev said Crimea couThe Crimean SEZ will be similar to the SEZ in the Kaliningrad region, says Izvestia referring to a government official. "As well as in the case of Kaliningrad, it is required to adopt a separate law which will allow giving tax privileges to all large investors, ready to put money into the region".Arrrggghhh... this is crony capitalism, not free markets. In essence this is a Russian version of "get big or get out" because necessarily only SMEs will be paying taxes. Too bad. Vlad, step in here, you know what needs to be done, you did it for Russia. Knock most all the taxes out... Go Full Hong Kong. We were all having so much fun. Les bon temps, sont finis.
Feel free to forward this by email to three of your friends.
2 comments:
FYI: more info. on Crimea:
http://www.liveleak.com/view?i=289_1395674264
http://www.moneynews.com/Markets/Russia-Crimea-gambling-Ukraine/2014/03/26/id/561924/
Crimea = Las Vegas + Macau + Hong Kong.
Post a Comment