RE: Rhodium16 Sep 2020 13:53
βThe proposed method of creating an extra tax base looks like an encouragement for inefficiency: the lower the profitability, the lower the tax that needs to be paid,β Lisin, who also chairs the Russian steel lobby, said in a statement.
Export-focused companies such as metals and mining firms as well as the energy sector, have benefited from the weaker rouble which has been under pressure since 2014, when the first Western sanctions were imposed on Moscow over Ukraine.
Since then, the government has pressed state companies for higher dividends and imposed extra taxes on state gas giant Gazprom GAZP.MM this year.