Donbass, Kherson and Zaporozhye may be exempt from income tax for 10 years, according to a government plan Russia’s Ministry of Economic Development announced on Wednesday that it will launch a state financing program to support the Donetsk and Lugansk People’s Republics, as well as Kherson and Zaporozhye Regions. According to the ministry’s statement, the territory has “huge economic and industrial potential.” The statement highlighted plans to pass a federal law on the creation of a common free economic zone for the new regions with preferential treatment for investors, with tax and non-tax incentives guaranteed
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