Shukin: Excess profits should be taxed, not excess income The RSPP hopes for a successful search for compromises on the government bill on the Excess Income Tax (EIT) adopted by the State Duma in first reading, Commissioner for the Protection of Rights Shukin said in an interview with Kommersant. Taxing marginal profits may lead to the imposition of additional taxes even on companies that are at the edge of profitability, he said. Therefore, the business proposes to tax excess profits, as it was in 2023.

Shukin: Excess profits should be taxed, not excess income The RSPP hopes for a successful search for compromises on the government bill on the Excess Income Tax (EIT) adopted by the State Duma in first reading, Commissioner for the Protection of Rights Shukin said in an interview with Kommersant. Taxing marginal profits may lead to the imposition of additional taxes even on companies that are at the edge of profitability, he said. Therefore, the business proposes to tax excess profits, as it was in 2023.