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Sales Tax Ussr

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December 30, 1990 | CAREY GOLDBERG, TIMES STAFF WRITER
Soviet President Mikhail S. Gorbachev, his government desperately strapped for cash to finance next year's budget, imposed a 5% sales tax Saturday on all consumer goods and services, effective New Year's Day. In a brief decree, Gorbachev said that the tax is needed mainly for social programs and to reduce the budget deficit and that it will apply to sales of "manufactured and technological commodities, consumer goods, work and paid services."
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NEWS
December 30, 1990 | CAREY GOLDBERG, TIMES STAFF WRITER
Soviet President Mikhail S. Gorbachev, his government desperately strapped for cash to finance next year's budget, imposed a 5% sales tax Saturday on all consumer goods and services, effective New Year's Day. In a brief decree, Gorbachev said that the tax is needed mainly for social programs and to reduce the budget deficit and that it will apply to sales of "manufactured and technological commodities, consumer goods, work and paid services."
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