Russia To Hit Gazprom With $20 Billion Windfall Tax ...Middle East

Economy by : (OILPRICE) -
Russia’s lower house of parliament approved on Tuesday amendments in the country’s tax code that would slap a windfall tax on Gazprom of the equivalent of $20 billion between September and November, which will boost Russia’s tax revenue income.    The amendment still needs to be approved by the upper house of the Russian Parliament and President Vladimir Putin before becoming law. Under the plans, gas giant Gazprom will pay $6.5 billion (416 billion Russian rubles) per month for three months, on top of its other taxes.…

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