US firms nonetheless paying billions in taxes to Russia – media – INA NEWS
American firms nonetheless energetic in Russia paid $1.2 billion in taxes to the Russian state in 2023, in line with figures printed by Newsweek on Saturday. Greater than 300 US companies are believed to nonetheless be working in Russia.
The figures had been offered to Newsweek by B4Ukraine, a Kiev-sponsored group of NGOs that has spent the final three years hounding Western firms to chop their ties with Moscow.
In response to the group, the 5 firms that paid probably the most revenue taxes to Russia in 2023 had been tobacco firm Philip Morris Worldwide ($220 million), beverage company PepsiCo ($135 million), confectionary firm Mars ($99 million), well being and hygiene client items agency Procter & Gamble ($67 million), and confectionary firm Mondelez.
American firms paid a complete of $1.2 billion in taxes to the Russian state in 2023, up from $712 million in 2022, in line with an earlier report compiled by B4Ukraine. Their contribution makes the US the most important supply of international taxes paid in Russia.
Though a flood of Western firms ceased operations in Russia after the Ukraine battle escalated in 2022, some 123 massive American companies stay, in line with analysis from the Yale College of Administration. When small and medium enterprises are taken under consideration, Yale estimates that round 328 American firms are energetic in Russia.
Other than strain campaigns organized by the likes of B4Ukraine, Western sanctions have performed a job in forcing some companies to exit the Russian market. British consumer-goods large Unilever pulled out of Russia in October, with CEO Hein Schumacher complaining that the corporate confronted difficulties shifting money out of Russia and had skilled points reviewing monetary outcomes and controlling how its manufacturers had been managed.
In response to divestment guidelines launched by the Russian authorities final yr, companies exiting Russia have to get hold of authorities permission for his or her sale, and are required to promote their belongings at a 50% low cost and pay an exit tax of between 10% and 15%.
Between February 2022 and December 2023, firms that bought up their Russian operations misplaced a mixed $103 billion, the New York Occasions reported, citing monetary information. These companies additionally handed over no less than $1.25 billion in exit taxes to the Russian state, the newspaper added.
US firms nonetheless paying billions in taxes to Russia – media
देश दुनियां की खबरें पाने के लिए ग्रुप से जुड़ें,
#INA #INA_NEWS #INANEWSAGENCY
Copyright Disclaimer :-Beneath Part 107 of the Copyright Act 1976, allowance is made for “honest use” for functions similar to criticism, remark, information reporting, instructing, scholarship, and analysis. Honest use is a use permitted by copyright statute which may in any other case be infringing., instructional or private use ideas the steadiness in favor of honest use.
Credit score By :- This submit was first printed on RTNews.com , now we have printed it by way of RSS feed courtesy,
