The Ministry of Justice considered the tax on excess profits of previous years “contrary to the Constitution”

130 enterprises

fall under the payment of windfall tax, the president of Business Russia, Alexei Repik, told Vedomosti earlier. According to him, many companies commissioned new plants in 2018-2019, so for them the payment could become a tax on modernization. During this period, many new technological productions were launched in the field of chemistry, food industry, and mechanical engineering. For them, the basic profit will be zero, which means that new enterprises will pay more than those that have been systematically working for a long time and depend on the market situation, he noted. The calculation formula proposed by the Ministry of Finance now does not correspond to the logic of stimulating investments, which has been talked about in recent years, Repik noted. “Initially, it was planned that this would be a tax associated with opportunistic excess profits, turbulent whirlwinds of the world economy. For Delovaya Rossiya companies, last year was not the easiest,” he explained.