Tag: decline in standard of living

Taxes Needed for Re-Armament Seen Lowering Russian Standard of Living and Expanding Shadow Economy

July 28, 2014

Staunton, July 24 – Although Russians now say they support Vladimir Putin’s assertive foreign policy, their attitude may change if Moscow introduces new taxes and improving its tax collection program, efforts that experts say will lead to a decline in their standard of living and an increase in the size of the country’s shadow economy. […]