Monday, July 18, 2011

Small business in Russia migrated abroad

Small Business Russia decided to keep up with medium and large businesses, and began to withdraw equity out of the State. These conclusions were reached by the head of "Business Russia" Boris Titov. According to official testimony to the fact that SMBs do not want to keep their savings in his native state, are the data of Russian banks. Withdrawal of money from Russia due to the fact that the taxation of small businesses start to grow rapidly. Under such conditions, development of entrepreneurship in this category not only beneficial but also dangerous. Moreover, these conclusions come not only to businessmen themselves, but many analysts say. Thus, the chairman of the Business Russia noted that the subjects of small and medium businesses cautiously deduce its business in the CIS, particularly in Kazakhstan. It is in this state the amount of taxes are much lower than in Russia, plus cheap energy. Manufacture their products in Kazakhstan, the entrepreneurs get cheap goods, as Manpower and resources are inexpensive. Then businessmen carrying their goods to Russia, where they sell them for decent money. Titov said that last year the amount of foreign investment in Russia, in Kazakhstan was approximately the same. Investments amounted to about U.S. $ 14 billion. But keep in mind that in Russia the population is much larger population of Kazakhstan. In addition, Russia is inherent in such a thing as a bad investment environment. This environment and should be called a major problem for the Russian economy. And increase the tax burden only exacerbate the situation with foreign investments in Russia. According to analysts, with an increase in taxation in Russia in early 2011, the number of potential investors has dropped dramatically. Themselves as entrepreneurs claim that strongly feel fiscal pressure from the government. In this regard, sharply reduced the level of incomes in the country. Therefore, the decreased demand, reduced production, increased the number of unprofitable enterprises of small and medium-sized businesses. We should also note that the growth of the tax burden again returns to the shadow economy. Part of the business again began to contrive to give salaries to its employees in envelopes. But the most compelling reason of migration of Russian small businesses abroad is the fear that taxes will soon cease to grow.

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