27
Sep
14:54
Russian government, steelmakers agree on new tax rates
Russian authorities and steelmakers have reached an agreement on the rate of additional taxes to be imposed on the sector. This comes after a meeting between steelmakers and Russian Prime Minister Mikhail Mishustin.
The government initially wanted to retroactively raise the profit 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, or MET (see Kallanish pass…
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Anonymous
Very good overview of the weekly steel market.
Anonymous