Moscow Considering Windfall Tax to Cover Plunging Oil Revenues ...Middle East

Moscow is considering a one-time windfall tax on large corporations as a stop-gap measure for dangerously declining oil and gas revenues that have left the country with a $25-billion deficit.  According to Russian state news agency RIA Novosti, Moscow is discussing a “voluntary”, one-off contribution from big businesses.  Russian-language news outlet The Bell cited unnamed sources familiar with the discussions as saying that a proposal and counterproposal have been tabled so far. The first proposal comes from Russian Prime…

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