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US Companies Pay Over $1 Billion in Taxes to Russia Amid Ongoing Ukraine War (www.newsweek.com)

submitted 7 months ago by Aussieiuszko@aussie.zone to c/world@quokk.au

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American firms in Russia paid the country $1.2 billion in profit taxes in 2023, according to figures from campaign group B4Ukraine and the Kyiv School of Economics (KSE) Institute shared exclusively with Newsweek. This tax contribution makes the U.S. the largest contributor of foreign profit taxes to Russia, something a former top U.S. diplomat called "shameful."

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[–] TachyonTele@lemm.ee 9 points 7 months ago* (last edited 7 months ago)

I was curious too. It looks like all of the sanctions are for inports from russia, and freezing russian assets that are not in russia. There are a lot of companies that have pulled operations from Russia, but there doesn't seem to be any requirement to do so.