New approach to thin capitalisation rules

According to Kommersant (12 January 2012), the Supreme Arbitration Court has published on its web site a precedent resolution on the case of coal miner Northern Kuzbass that could have significant repercussions for Russian companies with foreign capital that fund operations from abroad.

The resolution implies a radical revision to treatment of thin capitalisation rules and could result in additional tax accruals for business.

The article, entitled Pessimistic Taxation provides more details.

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