They paid 40% of their income tax.
We know from income mobility data that they are "new rich".
France's income tax - 10%-48.09% Russia's income tax - 13%
VAT stands for Value Added Tax. It is a form of tax applied during production. This tax is similiar to sales tax. VAT can be found by the credit method or subtraction method.
http://traveltax.msu.edu/vat/vat.htm
Monday, December 8, 2008
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