At the time of signing the agreement the profit tax in Russia was 35%, in 2009 it was reduced to 20%, but Exxon continued to pay the old rate, though, and requested the Ministry of Finance to reduce.
As the “Vedomosti», Exxon as a compromise Russia offers to reimburse half of the overpayment and go to a tax of 20%. Russia’s position as the source of the newspaper say, is that while the agreement is valid, their conditions do not change.
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