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EXCESS PROFIT TAX : EXPECTATION AND REALITY

... lower house of the Russian Parliament. As follows from the explanatory note to the document, it is proposed to establish for organizations whose average arithmetic profit for 2021 and profit for 2022 turned out to be above 1 billion rubles, a tax on excess profits, determining that the tax base for this tax is calculated as an increase in the average arithmetic profit for 2021 and profit for 2022 above the arithmetic mean of profit for 2018 and profit for 2019, and the tax rate is set at 10 percent....

IMF PROPOSED TO INTRODUCE A TAX ON PANDEMIC WINNERS AND PROFITABLE COMPANIES

... pandemic. It is assumed that this will not only provide additional income, but also improve the situation with social inequality. The IMF published a statement in its April Fiscal Monitor. The organization proposes to introduce a temporary tax on excess profits for companies that prospered during the pandemic - this could be an additional charge or a replacement for existing corporate taxes. The International Monetary Fund believes the companies will contribute to the improvement of the economy ...

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