Daily Memo: Russia Raises Taxes, Houthis Get Anti-Ship Missile

Most Russians will not be affected by the tax reform, authorities say.

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Death and taxes. Russia is planning tax hikes to help pay for its protracted war in Ukraine. The corporate tax rate will increase to 25 percent from 20 percent, while the personal income tax rate for the highest earners will go to 22 percent from 15 percent. Levies on certain forms of mineral extraction are […]

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