Russian IT companies rose after Putin's proposal to reduce taxes

stock Quotes of the Russian it companies today in the evening went up sharply on Russian and foreign exchanges. Reason – made in the statement by President Vladimir Putin’s proposal to significantly reduce the tax burden on the industry.

So, the share of “Yandex” has reached its historical maximum on the Moscow exchange – 3376 rubles apiece. The closing date for one paper of the search engine gave 3331 ruble. More significantly expensive paper Mail.Ru Group on the London stock exchange they are traded on 22,20 USD, demonstrating a growth of almost 10%. However, to a historic high ($44,6) stock quotes the owner of “Vkontakte” and “Classmates” has not lasted. Global Depository receipts of the Russian Qiwi payment service is also expensive – by 1.69%.

Vladimir Putin today proposed to tax maneuver in the it field, substantially lowering premiums for working in the industry – companies from 14 to 7.6%. For high-tech companies, forced to compete for valuable employees with the Western it giants, the taxes on payroll are one of the main items of expenditure. The President proposed to make this change is indefinite. In addition, more than six times from 20 to 3% – and also permanently will be reduced for Russian it-companies income tax.

Earlier media wrote that such proposals to support the high-tech industry was formulated by Prime Minister Mikhail Mishustin. The government suggest that such a measure will help Russian it companies grow faster. And those domestic businessmen who prefer to conduct business abroad and motivated them to transfer him to Russia and pay taxes here.

Text: To.Hi-tech