Emancipation reform of 1861 business. The Manifesto prescribed that peasants would be able to buy the land from the landlords. Household serfs were the least affected: they gained only their freedom and no land. In Georgia the emancipation took place later, in 1864, and on much better terms for the nobles than in Russia. The serfs were emancipated in 1861, following a speech given by Tsar Alexander II on 30 March 1856. State owned serfs, i.e. the serfs living on Imperial lands, were emancipated later in 1866. Prior to 1861 Russia had two main categories of peasants: with only those owned privately considered to
Taxation in Russia businesses, imputed tax on retail operations, and redesigned the taxation of private and corporate motor vehicles. On January 1, 2004 the VAT rate decreased from 20 percent to 18 percent. In 2007–2008 Putin, both as president and later as prime minister, promoted a decrease in the VAT rate to 12 percent by 2010; Putin's allies Sergey Chemezov and Minister of Economics Elvira Nabiullina support this proposal. Minister of Finance Alexey Kudrin opposed the change due to the need to finance the Pension Fund and the rearmament of Russian troops. On January 1, 2005 Russia abolished the tax on advertising—the last