23
Sep
15:49
Russian steelmakers send government profit tax counter proposals
Russian Steel Association chairman and main Severstal owner Alexei Mordashov has written to Russian Deputy Finance Minister Alexei Sazanov with counter proposals from steelmakers to the possible profit tax increase, the association confirms to Kallanish.
Russian authorities intend to retroactively raise the tax rate from 20% to 25-30% for companies that have spent more on dividends than have invested in the past five years and to raise the Mineral Extraction Tax, …
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Anonymous
Very good overview of the weekly steel market.
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