Bloomberg: The EC announced an income tax on frozen assets of the Russian Federation
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On December 12, the European Commission will present a plan to use income taxes from the reinvestment of frozen Russian sovereign assets to support Ukraine. An informed source in Brussels spoke about this on Thursday, November 30.
According to Bloomberg’s interlocutor, this Eurotax will not overlap with national taxes and fees within EU member states. In general, income from approximately 200 billion euros of Russian assets may be subject to taxation.
The plan is expected to be discussed by EU leaders at the summit on December 14-15.
Earlier, Prime Minister of Belgium Alexander de Croo, in whose country 90% of Russian assets subject to sanctions are frozen, said that the European Union expects to receive profit of 3 billion euros per year from frozen assets of the Russian Federation. The European authorities want to use the funds received to help Ukraine.
A committee of the US House of Representatives supported a bill providing for the transfer of part of the confiscated assets of the Kremlin to help Kyiv. Following this, the G7 countries actually demanded that Russia agree to pay compensation to Ukraine for damage caused during the special operation. in exchange for return of assets.
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