Monday, August 18, 2014

Russia may impose additional tax on foreign fast-food


Foreign fast-food companies should be additionally taxed, a Russian State Duma deputy has suggested. Igor Zotov said the money raised could go to improving the general health of the population.

Zotov’s bill would see a tax rise from 20 percent to 23 percent, which will increase the cost of fast-food, reduce customer demand, and contribute in the national budget, Izvestia reports.

Among the fast-food chains targeted are McDonald’s, Burger King, KFC, Subway, Starbucks, Papa John’s and others .... http://rt.com/business