The Cold War Is Officially Over

The BBC reports:

Russia to drop capital gains tax to attract investment
Russia will scrap capital gains tax on long-term direct investment from 2011, President Dmitry Medvedev has said.
Mr Medvedev said that in terms of improving Russia’s investment climate “we, I hope, are moving forward”.
He also said the number of “strategic” firms, in which foreign investment is restricted and which cannot be privatised, would fall from 280 to 41.

Posted by on June 21st, 2010 at 9:40 am


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