US, Germany and Austria: companies from these countries are largest taxpayers "for war" to russian budget – media

American companies that continue to operate in the russian market have paid more than USD 1 billion in taxes to the russian budget.

As Newsweek reports, citing data from the B4Ukraine group and the Institute of the Kyiv School of Economics (KSE), in 2023 the total amount of income tax paid by American companies amounted to USD 1.2 billion.

In 2021, before the start of the war in Ukraine, the amount of taxes from American businesses in russia amounted to USD 915.7 million. The revenue was higher – USD 50 billion compared to USD 30.5 billion in 2023. The United States became the largest foreign taxpayer to the russian budget at the end of 2023.

The ten largest American companies that transfer taxes to the russian budget include: Philip Morris – USD 220 million; PepsiCo – USD 135 million; Mars – USD 99 million; Procter & Gamble – USD 67 million; Mondelez – USD 62 million; Citigroup – USD 53 million; Cargill – USD 50 million; Johnson & Johnson – USD 42 million; Coca-Cola Hellenic – USD 34 million; Weatherford – USD 32 million.

Former U.S. Ambassador to russia and Stanford University professor Michael McFaul, in a comment to Newsweek, called the actions of companies that continue to operate in russia immoral.

"It is absolutely shameful that American companies have chosen to stay in Russia and subsidize Putin's barbaric war in Ukraine. I hope shareholders in these companies will get more active in reconsidering the wisdom and morality of financing the slaughter of Ukrainian civilians. It's not too late to do the right thing," McFaul said.

In second place in terms of tax payments were German companies, which transferred USD 693 million to the russian budget. Austria came in third with tax deductions of USD 579 million.

Newsweek recalled that foreign companies that intend to leave the russian market face tough conditions set by the russian authorities. Among them are a 15 percent exit tax and a mandatory 50 percent discount when selling assets.

As the publication notes, the "exit tax" brought russia USD 385 million in revenue from January to March 2024 alone.

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