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New tax measures to hit resources

Published: 22 July, 2010, 13:35
Edited: 22 July, 2010, 22:53

Russia’s Finance Ministry will raise the gas extraction tax almost 61% already in 2011, with other natural resources also facing an increased tax burden as the government looks to rein in the budget deficit.

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2 COMMENTS

Artyom July 22, 2010, 14:15 quote

With the failing policies of this current administration, I am certain there will be nothing but endless increase in food, utilitity, and tax prices to cover the governments bad decisions and losses.

sam July 22, 2010, 16:47 quote

The Australian Prime Minister Kevin Rudd was sacked by the Queen for raising taxes on natural resources which affectd BHP and Rio Tinto--Queen"s companies. Will the Queen of England be able to sack Prime Minister Putin for raising taxes which will affect BP--Queen"s company?

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