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 sees business growth with strong results
    November 10, 2017
    The Wacker Neuson Group is reporting a strong third quarter performance for 2017. The company’s latest results reveal a marked increase in revenue and earnings and says it remains positive about the fourth quarter of 2017. Wacker Neuson says it expects its revenue and earnings forecast for the current fiscal year to come in at the higher end of previous forecasts. The Wacker Neuson Group reported revenue of € 378.7 million for the third quarter of 2017. This corresponds to an increase of 20% over the €315.
    Read More
  • Euromarket stable until 2020, predicts Euroconstruct
    December 13, 2018
    Analysts predict strong growth in road building up to 2020 as public finances improve. Graham Anderson reports from Helsinki European civil engineering markets – including road building and maintenance - are predicted to grow strongly between now and 2020 thanks to the increasing strength of EU members states’ national economies. The increasingly optimistic forecasts are contained in the latest construction industry research from construction market analyst Euroconstruct, based in the Finnish capital Hel
    Read More
  • Symology supplies the foundations for Tarmac’s Street Works business
    April 7, 2017
    UK contractor Tarmac has been in partnership with Symology since 2011, using a shared management service for asset management to meet tougher government street work regulations, writes Matt Waite Tarmac, with more than 6,600 employees, is the UK’s leading sustainable building materials and construction solutions business. The company has over 330 UK sites from which it delivers contracting and highways maintenance services as well as products such as aggregates, asphalt, cement, lime and ready-mix concre
    Read More
  • Course for First Responders on How to Provide Trauma Care
    September 15, 2015
    During his recent radio programme “Mann Ki Baat,” Narendra Modi, The Prime Minister of India, expressed concern regarding the road safety situation on Indian roads and the number of lives being lost as a result of traffic accidents. Modi said, “The statistics on road accidents in our country are shocking. There is an accident every minute. And due to road accidents there is a death every four minutes." He further noted that lives can be saved by taking the injured to hospital within the first hour, also kno
    Read More

Highlighted Content