Financial news

The State Duma took up the incomes of major companies' top-managers

18 апреля 2009 г.

The Budget Committee of the State Duma within a month will review a draft law, initiating the delimiting of the annual earnings of major companies top managers, receiving the state support, to 4 million roubles. This was reported by the deputy of the State Duma, the initiator and the implementator of the draft law Anatoly Ivanov.

According to him, it’s proposed to make amendments to Article 224 of the 2nd part of the Tax Code.

“Why it’s exactly four million? We took into account the annual income of the President of the country. According to previous year data, it was roughly this sum. Thus for example the annual income of a number of “AvtoVaz” company top managers amounts to 16 million roubles per year, and the head officers of the major Russian companies earn more than 100 thousand dollars per month”, said the deputy. He added that this is very close to the annual income of the directors of the western companies.

According to Ivanov, all detail and shades of the draft law will be discussed in the second reading. Particularly it’s proposed to clarify what kind of the governmental support is borne in mind.

“As a basis we took the draft law on the delimiting of the income of the top managers, which is prepared for adoption in the USA now. Just delimiting of the bonuses and rewards will have no effect”, he said.

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