The tax risks of business: prospects for 2012

The Russian President and Government have recently been talking more about the need to optimise
groups of taxes, with high-quality economic growth depending on this. In particular, Vladimir Putin recently stressed that Russia must make its tax system more attractive for investors and competitive in comparison with the other
countries of the Customs Union, even despite a risk of a shortfall in budget revenues. Without doubt, such initiatives of the Russian authorities cannot fail to cause investors to be optimistic. However, to evaluate whether the initiatives are realistic, and to assess the tax risks of business in the current year, it is helpful to look at the results of the past year.

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