LEGISLATIVE ENVIRONMENT
Russia’s super-rich tycoons lost more than $3-billion in one day after a top economic aide to the president proposed raising taxes on the nation’s giant metal and mining companies.
In a letter to Vladimir Putin, adviser Andrey Belousov named 14 companies that could pay more. The resulting investor exodus saw $3.1-billion wiped off the fortunes of their affluent bosses, according to the Bloomberg Billionaires Index.
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