Source Pravda.Ru

Large businesses to save $1bn

The elimination of the tax police might bring a short-term but pretty noticeable economic effect, the Kommersant newspaper reported. Businesses can save considerable sums on court expenses. This is some $1bn per year. The tax police have been the agency, which has filed suits against taxpayers who tried to optimize their tax payments to budgets. As a rule, some 150-200 suits were filed against every large Russian company per year. The tax police have lost the majority of them. So the state budget has not received a lot from the tax police. As far as the companies are concerned, the average price of every court dispute was about $300,000. In other words, a large company had to spend about $50m per year. There are about 20 large companies in Russia that could spend such large sums of money. So, this "great twenty" will be saving at least $1bn per year, until the Interior Ministry's main department for fighting economic crimes becomes responsible for taxes. This department seldom loses lawsuits.

When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan

Kuril Islands dispute between Russia and Japan: The impossible is impossible
Comments
Russians ready to endure anything for a life without war
Russia's Prokopchuk loses Interpol election
Russia's Prokopchuk loses Interpol election
Russia's Prokopchuk loses Interpol election
Argentina hides the truth about the death of San Juan submarine
Russia's Prokopchuk loses Interpol election
Russia's Prokopchuk loses Interpol election
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Unemployment in Russia hits record high of 15 percent
Third Rome and geopolitics of Orthodox schism
Putin wants Russian army rearmed almost completely by 2021
Japan ratifies agreement to supply weapons and ammo to warring states
Argentina hides the truth about the death of San Juan submarine
Argentina hides the truth about the death of San Juan submarine
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Why Trump tries to re-industrialize America
Why Trump tries to re-industrialize America
Unemployment in Russia hits record high of 15 percent
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Russia to ban capture of killer whales and belugas in 2019
North Korea destroys security points in demilitarised zone