Skip to main content

Transport firms against increase of tax on trucks in St Petersburg, Russia

St. Petersburg's transport companies are opposing the increase of transport tax on over 187 kW capacity trucks. They say that tax rate increase, together with other fiscal measures, will render them profitless. As a result, they may adopt shadow business practices, decrease the number of local drivers in favour of cheaper foreign labour force, and transfer their business to a new jurisdiction.
September 19, 2012 Read time: 1 min
St. Petersburg's transport companies are opposing the increase of transport tax on over 187 kW capacity trucks.

They say that tax rate increase, together with other fiscal measures, will render them profitless. As a result, they may adopt shadow business practices, decrease the number of local drivers in favour of cheaper foreign labour force, and transfer their business to a new jurisdiction.

Related Content

  • Wacker Neuson reports strong financial performance
    August 9, 2018
    Munich-based Wacker Neuson is reporting a substantial increase in revenue and profitability for the first six months of 2018. According to the firm’s latest results, revenue is at a record high and there has been a marked improvement in profit before interest and tax. However bottlenecks among suppliers as well as currency developments have had a dampening effect on the results. Revenue for the first half of 2018 rose 8% to a new record high of €825 million, compared with €764 million for the same period i
  • Hyundai is launching a top of the range 120tonner
    January 6, 2017
    Hyundai is introducing a new top end excavator in the 100tonne-plus sector. The company says this endorses its commitment to large-scale investment in developing new products and new market opportunities. “Building on Hyundai’s experience with the successful 50-80tonne high capacity models, the all-new 120tonne R1200-9 has been conceived with an eye on the expanding worldwide mining and quarrying sector, where the demand for efficient, large-scale mass excavation in minerals extraction and overburden remova
  • Hyundai is launching a top of the range 120tonner
    April 15, 2012
    Hyundai is introducing a new top end excavator in the 100tonne-plus sector. The company says this endorses its commitment to large-scale investment in developing new products and new market opportunities. “Building on Hyundai’s experience with the successful 50-80tonne high capacity models, the all-new 120tonne R1200-9 has been conceived with an eye on the expanding worldwide mining and quarrying sector, where the demand for efficient, large-scale mass excavation in minerals extraction and overburden remova
  • The World Bank asks how to Accelerate Progress on the SDGs and Respond to the COVID Crisis?
    August 26, 2020
    South Africa prioritises transport. By Dr Nancy L Vandycke, programme manager, World Bank