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Russian Foreign Ministry spokeswoman Maria Zakharova responded to the EU’s adoption of a law regarding the confiscation of excess profits earned on frozen assets of the Russian central bank, BBC reported on Feb. 13. ....
On 12 December, the European Commission is going to publish the final draft of a plan on ways that it will use the Russian assets frozen in the EU for the benefit of Ukraine. Source: European Pravda with reference to Bloomberg Details: The European Commission's plan envisages the introduction of a tax on excess profits from the use of frozen assets. ....
Exorbitant profits Ukrainian commercial banks booked in 2023 will be taxed at 50%, while the tax rate for subsequent years will be set at 25%, Ukraine's Parliamentary Finance Committee chairman Danylo Hetmantsev said in a Telegram post on Nov. 16. ....
The Verkhovna Rada (Ukrainian parliament) is looking to introduce a windfall tax on banks as a result of excessive profits in the banking sector. NV examines why Ukrainian banks have made record profits during the war. ....
In Moore v. U.S., Mr. and Mrs. Moore challenge the constitutionality of the transition tax under § 965. The Moores ask the Supreme Court to reaffirm a realization requirement. ....