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03 May
15:03

Russian EAF mills oppose additional tax collection

The Russian Association of Electrometallurgical Enterprises (AEMP) has criticised government plans for additional tax collection, Kallanish notes. Russia’s Ministry of Finance has prepared a draft law on additional tax collection from large businesses. According to AEMP, this measure will significantly increase the tax burden on electric arc furnace-based enterprises, which since 2022 are paying excise duty on liquid steel on a par with vertically integrate…
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