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Date: 7 months ago   Category: Companies

RUIE has complained to Putin of Andrey Belousov who has suggested to withdraw super profits from the large companies


The union has written the letter to the president in whom it is told about negative consequences not only for business, but also for economy in general — the Russian stock market can fall in price by 3 trillion rubles Andrey Belousov. Photo: Mikhail of Pochuyev/TASS of RUIE has complained to the president Putin of his assistant Andrey Belousov. I will remind, earlier he has suggested to withdraw more than 500 billion rubles of super profits from 14 companies. Such decision can lead to "single" decrease in capitalization of the Russian stock market which can make up to 3 trillion rubles, it is told in the letter of the Russian Union of Industrialists and Entrepreneurs to the head of state. It was published by Vedomosti, here excerpts from the letter: "Increase in tax assignments can be critical for the companies which investment cycle in branches can make from 7 to 10 years. They can be forced to correct the investment projects both planned, and already realized. Besides, many of the companies mentioned by Belousov are budget forming for regions of presence. It creates risks of considerable reduction of social programs that it will be especially sensitive for monotowns".

"Compulsory additional withdrawal of profit of the companies threatens with depreciation of their securities and defaults according to credit obligations. It, in turn, can increase the cost of loans, and against the background of sanctions risks creates threat of stability of all Russian banking system". "Belousov's initiative not just doesn't promote increase in competitiveness of national economy, and will negatively affect its investment attractiveness. It creates direct risks for implementation of the decree of the president to provide inclusion of Russia in number of five largest economies of the world". Also in the letter of RUIE it is noted that Belousov's initiative contradicts promises of the government not to raise taxes in the next five years and to stop on increase in the VAT up to 20%. "Withdrawing super profits from the most effective companies, the state shows support of less effective and productive Russian companies of the same branches" — it is said in the address. Belousov has said that a main goal of his offers — uniform distribution between the companies of tax burden. At the same time the Assistant to the President of the Russian Federation has reminded "the main law of capitalism": "It is necessary to share". During the day after the publication of the letter of Belousov to the president capitalization of nine public companies from the list, according to Vedomosti, has dropped almost by 392 billion rubles. To add BFM.ru to your sources of news?

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