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Billionaires Urged to Pay Taxes in Russia Over Sanction Fears

Published: March 20, 2014 (Issue # 1802)



  • Putin, meeting with cabinet members, has called on billionaires to pay taxes at home.
    Photo: Kremlin.ru

MOSCOW (AP) — Russian President Vladimir Putin has called on billionaires to pay taxes at home amid fears that a new wave of western sanctions against the country over the annexation of Crimea may hit businessmen.

At a meeting Thursday with Russia's richest men in Moscow, Putin said businesses "ought to register on Russian territory and pay taxes in our motherland."

The call has come in the wake of Western threats to impose another round of sanctions.

On Monday, the U.S. and the European Union announced sanctions against a limited number of individuals they say were involved in the unlawful referendum in Crimea over joining Russia. Most of those targeted, however, were not businessmen but political figureheads, who mocked the sanctions and said they had no assets abroad that were at risk.





 

ALL ABOUT TOWN

Monday, Sept. 1


Today marks the beginning of Lermontov-Fest, a fall festival celebrating the life of one of Russia’s most remarkable poets who, in a fate eerily similar to Pushkin’s, was killed in a duel at the age of 26. Organized by the Lermontov Library System, the next several months will see art exhibitions, concerts and public lectures focusing on the Lermontov’s short yet prolific career. Check the Lermontov Library System’s website for more details.



Tuesday, Sept. 2


Join expats and practice your Russian during the Russian Club’s weekly meeting tonight at 7:30 p.m. The club is free to participate in although you need to be a registered member of Couchsurfing.



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