Can This Russian Bakery Survive a 3,500% Tax Increase? Can This Russian Bakery Survive a 3,500% Tax Increase? The challenges faced by a small-business owner near Moscow highlight how Russia’s war-drained economy is on the doorstep of a major crisis
Small businesses feel the pain from new taxes meant to boost . . . When the tax reforms were adopted last year, pastry shop owners Ilsiya Gizatullina and Railya Shayhieva decided to shut down their business in Kazan Like Demchenko, they cited the massive tax increases, rising costs and falling demand
Russian Bakery Struggles to Survive Amid 3,500% Tax Hike and . . . A small bakery near Moscow is struggling to survive due to a 3,500% increase in taxes The bakery's difficulties reflect broader economic challenges in Russia linked to the ongoing war The tax hike is part of a larger economic crisis affecting small businesses across the country