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Western companies still operating in Russia were so profitable in 2022 that their corporate taxes contributed almost $4 billion to the country's revenues

Summary by Ground News
The top 100 Western companies that remained in Russia made so much money that they contributed nearly 288 billion rubles, or $3.5 billion, in corporate taxes in 2022. The tax revenue contributed to Moscow represents 1% of Russia's budget revenue. The biggest taxpayers were US, UK, and French companies who paid 40 billion, 47 billion, and 55 billion Rubles, respectively.

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Business InsiderBusiness Insider
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Western companies still operating in Russia were so profitable in 2022 that their corporate taxes contributed almost $4 billion to the country's revenues

The largest 100 Western companies still operating in Russia posted 1.1 trillion rubles, or $13.3 billion, in net profits in 2022 — a 54% jump on-year.

·United States
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Business Insider broke the news in United States on Tuesday, June 13, 2023.
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