Russian President Vladimir Putin on Monday signed a law on increasing income tax for high earners in the first move away from a flat tax system in place since 2001.

Putin signs law raising income tax for high earners

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Russian President Vladimir Putin on Monday signed a law on increasing income tax for high earners in the first move away from a flat tax system in place since 2001.

Starting next year, the tax rate will rise from 13 percent to 15 percent on incomes over five million rubles (about $65,800/55,370 euros at the current exchange rate).

Putin made the announcement in a televised address in late June, a week before the country was due to vote on controversial amendments to the constitution that paved the way for the president to potentially stay in power until 2036.

The reform is expected to give state coffers an additional 60 billion rubles, the president said, adding that the money would go towards funding treatment for children with “severe and rare” illnesses.

The current flat tax system was introduced in 2001 and was among the key reforms of Putin’s first presidential term.

Modifications to the tax system have been discussed for several years, including the possibility of tax cuts for lower incomes.

The introduction of the flat tax “made it possible to bring wages and incomes out of the shadows, to simplify and make understandable the tax administration,” the president said in June.

But with the “new quality of administration, the introduction of digital technologies, it has become possible to distribute the tax burden in a more differentiated way,” he added. Agence France-Presse

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Instagrammable! Majayjay mayor Carlo Clado bares Municipal Hall’s new look

Majayjay mayor Carlo “Jojo” Clado can’t get enough of the new look of his Municipal’s seat of power.

In a Facebook post, Clado shared photos of the Municipal Hall’s Instagrammable makeover. The mayor thanked all the workers who made the glow up possible.

“Hindi pa po tapos yan. Lalagyan pa yan ng malaking logo ng Majayjay sa gitna na may ilaw. Excited lang po ako magpost! Nakakaproud na ngayon maging isang tiga Majayjay!,” the mayor wrote.

ANG BAGONG MUKHA NG MUNISIPYO NG MAHAL NATING BAYAN NG MAJAYJAY!
FEBRUARY 27, 2021
PLEASE SHARE!

Hindi pa po tapos…

Posted by Yorme Jojo Clado on Saturday, February 27, 2021

Mauna na NBI: House panel cancels probe on PDEA-PNP ‘misencounter’

By Billy Begas

The House Committee on Dangerous Drugs has canceled the scheduled hearing on Monday on the shootout between elements of the Philippine National Police and Philippine Drug Enforcement Agency.

Committee chairman and Surigao del Norte Rep. Robert Ace Barbers confirmed the cancellation of the hearing.

“Please be advised that in light of Pres. DU30’s instruction to the NBI to conduct an impartial investigation on the PNP and PDEA incident , our scheduled Committee hearing/investigation in aid of legislation on Monday, March 1, 2021 , is temporarily suspended as a courtesy to and in order not to hinder the ongoing investigation…will keep you all posted on the developments,” the advisory sent to media read.

The House panel was supposed to determine if there is a need to amend the Comprehensive Dangerous Drugs Act (Republic Act 9165) to prevent the repeat of the shootout between PNP and PDEA agents last February 24 outside the Ever Gotesco Mall in Commonwealth Ave., Quezon City.

Ping thanks IATF for uniform travel protocols

Sen. Panfilo Lacson on Saturday thanked the Inter-Agency Task Force on Emerging Infectious Diseases (IATF) for approving uniform travel protocols.

Lacson said local travel restrictions should be left to the local government units since the local leaders know the situation on the ground.

“Thank you, for the sake of the country’s economy. Local travel restrictions should be left to the LGUs. Their leaders know their local conditions better than anybody else in the national government,” he said in a post on his Twitter account.

Malacañang earlier announced the IATF had approved uniform travel protocols for LGUs.

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