excess profit tax was initiated by business, not government – Kommersant
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The initiators of the introduction of a tax on excess profits of previous years (the so-called windfall tax) were not the authorities, but businessmen, says First Deputy Prime Minister Andrei Belousov. According to him, entrepreneurs realized that they had “colossal incomes” and offered to “throw off” themselves.
“I will tell you a big secret: the idea of this tax about 300 billion rubles. belongs to business, not to the state… They (businessmen.— “b”) smart and informed. They understand that they have huge windfall profits for 2021 and 2022. Giant simply. More than budget. They say: “Guys, why should we raise taxes, let’s better chip in and pay,” said Mr. Belousov in an interview. RBC.
It is assumed that the new one-time fee will affect enterprises with revenues of more than 1 billion rubles. per year, provided that profit in 2021–2022 was cumulatively higher than profit in 2018–2019. Its rate will be 10% of the difference in profits when paid in 2024, but can be reduced to 5% if the company pays the tax in 2023. The oil and gas, coal industries, small and medium-sized businesses will be exempted from windfall tax.
About the bill – in the material “Kommersant FM” “Windfall tax outlined the criteria”.
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