The personal-taxes-to-personal- income ratio was 11.7 percent in August, almost back to the 12.3 percent long-term average. That eases the pressure on the invisible hand to push for higher tax rates or more aggressive collections.
The regime of Vladimir Putin has always presented successful, liberal-minded Russians with a quandary: To what extent are they willing to put up with an authoritarian government in return for making a life in their native country?
Two former JPMorgan Chase & Co. employees were charged by U.S. prosecutors with attempting to conceal trading losses at the largest U.S. bank last year as part of a probe of its $6.2 billion loss on derivatives bets.
Headquartered in a former Rothschild chateau in an affluent Parisian neighborhood, the Organization for Economic Cooperation and Development is best known for earnest conferences on economic and social policy.
OAO Gazprom has asked Russian Prime Minister Vladimir Putin not to apply transfer-pricing controls to the gas export monopoly’s subsidiaries, Vedomosti reported, citing a letter from Chief Executive Officer Alexey Miller to Putin on Sept. 27.