21
Sep
15:13
Russian Steel Association opposes proposed corporation tax increase
The Russian finance ministry’s plan to link corporation tax rates with a firm’s dividend policy contradicts the fundamental principle of Russian legislation, which states that the law has no retroactive effect, says the Russian Steel Association. The plan also poses significant risks for the economy.
Russian authorities intend to retroactively raise the rate from 20% to 25-30% for companies that have spent more on dividends than have invested in the pa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous