Russia lost so much money due to the Ukraine war that it now aims to raise $4 billion by slapping a windfall tax on its oligarchs
Russia lost so much money due to the Ukraine war that it now aims to raise $4 billion by slapping a windfall tax on its oligarchs
www.businessinsider.com Russia lost so much money due to the Ukraine war that it now aims to raise $4 billion by slapping a windfall tax on its oligarchs
The proposed law will require Russian companies that made profits of over 1 billion rubles each year since 2021 to pay a one-off 10% tax.
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That's a translation issue, it's a window-fall tax.
Its also bullshit. Russia is insanely corrupt and those rich oligarchs are mostly putins friends, so this is just going to be used as an excuse to take more money from the citizens while saying, look, these guys are "paying" so much more, least you can do is pay more too!
22 comments