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The Political And Economic Results Of October 2014

Author

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  • Sergey Zhavoronkov

    (Gaidar Institute for Economic Policy)

Abstract

In October the current turmoil in Russia’s international relations palpably stagnated. At the same time, Russia’s economic-political scene displayed alarming portents of future troubles in her business environment: it is not an exaggeration to say that, in October, Russia found herself on the verge of taking a number of tough decisions that could signifi cantly worsen the situation faced by domestic businesses. Thus, the RF President signed a law whereby the base used to calculate property tax rates was to be switched from inventory values to cadastral values. The Federation Council (the upper chamber of Russia’s parliament) approved a law designed to vest the investigative authorities with an unlimited right to initiate criminal cases on tax matiers, bypassing the formal preliminary investigation by the Federal Tax Service. Quite unexpectedly, before being approved by the Federation Council and then signed by the RF President, the draft law had been passed by the State Duma in its initial version, without any amendments.

Suggested Citation

  • Sergey Zhavoronkov, 2014. "The Political And Economic Results Of October 2014," Russian Economic Development, Gaidar Institute for Economic Policy, issue 11, pages 2-5, November.
    • Handle: RePEc:gai:recdev:410
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    More about this item

    Keywords

    THE POLITICAL AND ECONOMIC RESULTS;

    JEL classification:

    • K0 - Law and Economics - - General
    • K1 - Law and Economics - - Basic Areas of Law
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions

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