The Russian budget has not received 10bn rubles (about $314m) in taxes from Sibneft in 2001 as it used some tax schemes, the press service of the Russian Audit Chamber reported.
According to the Chamber's materials, the oil company operated with participation of legal entities that were registered in areas of beneficial taxation. They, using the imperfectness of Russian legislation paid profit taxes 6 times less than the usual rates.
The results of the audit will be submitted to President Vladimir Putin, Sibneft, the Tax Ministry, the Customs Committee, both houses of the parliament and the Presidential Envoys in the Central and Siberian Federal Districts. Moreover, the Board of the Audit Chamber proposed to introduce corresponding amendments to legislation to prevent losses in budget revenues.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
Not that long ago, American soldiers would train their skills to counter insurgent and partisan military organizations. These days, they are trained to show resistance to the regular army of a potential adversary
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America