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Thu, January 16, 2025
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Sat, January 11, 2025
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[ Sat, Jan 11th ] - Newsweek
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[ Thu, Jan 09th ] - Forbes
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US Companies Pay Over $1 Billion in Taxes to Russia Amid Ongoing Ukraine War


//business-finance.news-articles.net/content/202 .. in-taxes-to-russia-amid-ongoing-ukraine-war.html
Published in Business and Finance on Saturday, January 11th 2025 at 4:20 GMT by Newsweek   Print publication without navigation

  • American firms paid Russia $1.2bn in profit taxes in 2023, according to figures shared exclusively with Newsweek.

The article from Newsweek discusses how U.S. companies have paid over $1 billion in taxes to Russia since the onset of the Ukraine war in February 2022. Despite international sanctions and calls for economic isolation of Russia, major American corporations like PepsiCo, which paid $115 million in taxes, and Philip Morris International, with $102 million, continue to operate and contribute significantly to Russia's tax revenue. Other companies such as Mars, Procter & Gamble, and International Paper also made substantial tax payments. This financial flow occurs amidst ongoing conflict, with critics arguing that these payments indirectly support Russia's war efforts by bolstering its economy. The article highlights the complex balance companies face between ethical considerations and business interests in a politically charged environment.

Read the Full Newsweek Article at:
[ https://www.newsweek.com/us-companies-pay-over-1-billion-taxes-russia-amid-ongoing-ukraine-war-2012473 ]

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