Kudrin after a meeting with Medvedev announced new measures salvation: they relate to tax policy

A number of "important decisions" announced on Thursday evening, Vice-Premier, Finance Minister Alexei Kudrin, after meeting with President Dmitry Medvedev after the meeting on tax policy.

"Firstly, decided to postpone the issue of VAT rate for 2009 to once again weigh all, look at the dynamics of events in world markets, the situation with the price of oil, which still falls", - said Kudrin, quoted by . According to the minister, also decided facilitating the development of innovative businesses, the purchase of new equipment, promote modernization.

Kudrin noted that "introduces an additional depreciation premium of up to 30% of the value of the equipment that will reduce taxable profits."

"It had also been decided to simplify the procedure for the release of dividends from taxes paid by subsidiaries", - said the head of the Ministry of Finance. The meeting decided to exempt from tax revenue from the sale of shares if these shares enjoyed more than a year. He said that "this measure should encourage citizens investing in savings in the stock market."

Also introduced VAT in advance payments and simplifying the restructuring of the tax claims for previous years.

Will support and oil, Kudrin promised.

"The final decision is not today, not accepted, but soon developed a decision on further reducing the burden on the oil sector to stimulate oil production", - said Vice-Premier. The decision on the unified social tax will be taken in soon, said Kudrin.

In turn, President Medvedev proposed reserve in the budget to 500 billion rubles to support the stock market, said Minister of Finance. "Initially, soon to be 250 billion that will support the stock market."

According to the vice-premier, "the situation is such that the value of securities of major reputable companies, including companies with state participation, in our view, decreased to a point that does not reflect the true level of performance of these enterprises, that is underestimated."

Kudrin stressed that "the government actually has the ability, if this continues undervalued for a long period, for redemption of shares of companies with , and large enterprises secure, if there are packages of shares on the open market."

"The Government believes that such an investment in shares of these enterprises will increase their costs and eventually will yield profits from such investments", - said the head of the Ministry of Finance.

He said that "in the first phase of a 250 billion rubles, rather than immediately allocating 500 billion from the budget." "In the case of the exhaustion of the first government allocated 250 billion propose changes to the budget for another 250 billion" - Kudrin assured.

"Market participants understand that such a measure will increase the demand, and not only the state, but other participants may invest in shares of these enterprises", - said Kudrin.