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Russia considers tax breaks in education, healthcare

MOSCOW, Jan 21 (Reuters) - Russia will consider tax breaks for private enterprises in the education and healthcare sectors and expects to benefit from an eastward shift in investment, First Deputy Prime Minister Igor Shuvalov said on Thursday.

“The final decision has not been taken yet, but we are discussing the possibility of full profit-tax exemption for private businesses linked to human capital, such as healthcare and education,” Shuvalov told a conference.

He said financial flows in general would move eastward due to debt and the tax burden in developed countries, and that this shift would be beneficial for Russia. (Reporting by Gleb Bryanski, writing by Robin Paxton)