The Business of Staying: - a closer look at multinational revenues and taxes

The Business of Staying: a closer look at multinational revenues and taxes in Russia in 2022 3 Summary This report from B4Ukraine and the Kyiv School of Economics (KSE) takes a closer look at multinational revenues and taxes in Russia in 2022. [...] This is only the tip of the iceberg and likely a substantial underestimate of the total tax bill Collectively, companies headquartered in EU member states earned $75.2 billion in 2022 and paid $594 million in profit tax On a country basis, American firms have collected the largest total revenues in Russia and are the biggest contributors to the Kremlin’s coffers through taxes on profits, paying. [...] The Business of Staying: a closer look at multinational revenues and taxes in Russia in 2022 6 Back in February, we published Unfinished Business, an analysis of company exits revealing that over half (56%) of the international companies active in Russia at the start of the war were still do. [...] The fact that more than half of the companies monitored by KSE remain in Russia is deeply troubling and the fact that this shows no sign of changing should be a call to action for all governments and members of the business community that stand in solidarity with Ukraine. [...] Tobacco firms and companies operating in the FMCG and food and beverages sectors stick out, making billions of dollars of revenue in Russia and paying hundreds of millions in profit tax.