Mironov proposed raising the tax on income of closed-end mutual investment funds to 25%

Deputies will not support the management companies

An appeal by 83 financial management companies asking to revise the mechanism for taxing passive income of closed-end mutual investment funds, as proposed in the draft 2027 budget, will not receive support from deputies. Sergey Mironov, chairman of the A Just Russia party, told Gazeta.Ru about this..

Mironov's arguments

Mironov described closed-end mutual investment funds as 'toys for oligarchs,' noting that the number of unit holders in them is usually one or two persons. According to him, since 2020 the number of such funds has grown fivefold, and their assets amount to about six trillion rubles, owned by fewer than two thousand people — on average more than three billion per unit holder. These, in his words, are 'qualified investors' — billionaires, their wives, children, mistresses and other relatives.

Proposal on the rate

Mironov believes that the tax rate for closed-end mutual investment funds and personal funds should be raised to 25%. 'We have long proposed introducing a tax on passive income, which is in fact nothing other than making money out of thin air. And now the ice has broken. But in the future, if we proceed from the current profit tax, the rate for closed-end mutual investment funds and their variety — personal funds — should be raised to 25%,' Gazeta.Ru quotes him as saying. Thus, the question of taxing the passive income of closed-end mutual investment funds remains a matter of dispute: management companies are seeking a revision of the mechanism laid down in the draft 2027 budget, while Mironov, on the contrary, advocates stricter taxation.