Russian Lawmakers Approve VAT Hike to Fund Increased Defense Spending

• Russian lawmakers approved a bill to raise the VAT rate.
• The tax increase aims to finance military spending.
• The bill passed its first reading on Wednesday.

Source: apnews.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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