Russia has lost so much money due to the Ukraine war that it's now trying to raise $4 billion by slapping a windfall tax on its oligarchs
www.businessinsider.com
The proposed law will require Russian companies that made profits of over 1 billion rubles each year since 2021 to pay a one-off 10% tax.
  • zombuey@lemmy.worldEnglish
    01·
    1 year ago

    Putin has maintained power by keeping a grip on the distribution of wealth to the oligarchs. If he starts taking money from them they will cease any support. They are the keys to his rule and if he doesn’t keep them fat and happy they no longer have a reason to continue to support and will turn on him.