American firms top foreign taxpayers in Russia despite tensions
American enterprises paid more than £985 million in taxes in Russia in 2023, becoming the largest foreign taxpayer. This is an increase compared to 2021, when the amount was approximately £750 million, reports the American publication "Newsweek".
In 2023, American companies became the largest foreign taxpayers in Russia, contributing over £985 million to the budget. US enterprises surpassed German and Austrian companies, which paid approximately £570 million and £475 million, respectively.
Increase in taxes from American firms
Despite the ongoing conflict in Ukraine, American companies have increased their tax obligations in Russia. In 2023, they became the largest foreign taxpayer, demonstrating their significant presence in the Russian market.
"Newsweek" points out that foreign companies wishing to leave Russia must meet strict conditions, including a 15% exit tax and a 50% discount on asset sales. According to the American magazine, this may discourage US companies from leaving Russia. In the first quarter of 2024 alone, the exit tax brought Russia approximately £315 million.
In the final days of Joe Biden's administration, comprehensive sanctions were imposed on more than 400 entities related to Russian energy, including Gazprom Neft and Surgutneftegas. These companies are responsible for a significant portion of Russian oil exports, and the sanctions cover every stage of trading this resource.
