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Pressure grows for federal action on leasing

Voronezh follows Ulyanovsk in support of leasing framework

Published: 11/8/1999

Following the adoption, by the legislative assembly of the Ulyanovsk region, of a law on leasing aviation technology, the Duma of Voronezh region has also passed legislation exempting manufacturers and air operators from local taxes for a five year period, and granting a 50% reduction in taxes for a further five years. This is in direct support of the VASO manufacturing plant at Voronezh. While such local tax exemptions may not be sufficient to revive the likes of VASO, the new legislation sends a clear signal to the federal government to take action on the protocol signed by former Prime Minister Stepashin approving the preparation of a government decree. (www.concise.org. 1st November 1999).

Article ID: 1060

 

 

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