Russian Investment Falls 4.6% as Kremlin's New Tax Plans Spark Business Alarm
4 Articles
4 Articles
Russian Investment Falls 4.6% as Kremlin's New Tax Plans Spark Business Alarm
Russia’s largest business association has demanded revisions to the Kremlin’s proposed tax increases, warning that additional financial pressure could accelerate capital flight and deepen an investment downturn, Ukraine’s Foreign Intelligence Service (SZRU) reported on October 27.
Concerned about declining investment and capital outflow, Russian business representatives are demanding a review of tax changes.
This was reported by the Foreign Intelligence Service of Ukraine. Big business of the Russian Federation opposed another increase in the tax burden. President of the Russian Union of Industrialists and Entrepreneurs Alexander...
Foreign Intelligence: New Taxes Intensify Conflict Between the Kremlin and Big
Russia’s business lobby is seeking changes to proposed tax bills, including opposition to a 30% windfall profits tax on mining firms expected to add $8.3bn to the budget in 2027–2029.
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