The ongoing Exodus of foreign companies from Russia has resulted in $385 million in revenues in 20124 so far right. Watch the video for more details!

Foreign companies' exit tax contributions to Russia surpass $385 million

The ongoing exodus of foreign companies from Russia has resulted in $385 million in revenues in 2024 so far. This stems from an exit tax policy implemented when companies began leaving Russia after the Ukraine invasion began. The policy requires departing businesses to contribute at least 10% of their sale price to the federal budget. Watch for more details!

Foreign companies' exit contributions in 2024 surpass $385 mn

A recent report by B4Ukraine and the Kyiv School of Economics shed light on the financial activities of global corporations operating in Russia, exposing their significant revenues and minimal tax contributions.

Funding the Fire: Multinationals' Profits and the Flames of Conflict in Ukraine

Amid the ongoing Russian invasion of Ukraine, the West has imposed severe economic sanctions against Russia. However, Foreign companies in Russia are also being threatened via calls, Emails & visits.

Big brands under Kremlin's scrutiny: Foreign companies threatened via calls, Emails & visits

American companies having a foothold in India and those planning to expand their business in the fastest growing economy of the world expect 'Tax parity' in the annual budget to be tabled by Finance Minister Nirmala Sitharaman, the head of a top India-centric US business advocacy group said.

India Union Budget 2022: Tax partnership not 'tax terrorism', US companies look for tax parity, predictability

An international trade fair in North Korea this week may be the largest such event on record, analysts said on Tuesday, with hundreds of Chinese and other foreign vendors taking part despite sanctions pressure.

Hundreds of foreign companies attend North Korea trade fair despite sanctions

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