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Russia is raising taxes to continue financing the war against Ukraine. However, this will have consequences for the Russian economy, states the British Ministry of Defense. The tax changes in 2025 are expected to generate additional revenues to the Russian budget of about 2.6 trillion rubles ($29 billion). The corporate tax rate will increase from 20% to 25%, and additional charges will be introduced as part of the new tax system. The maximum corporate tax rate in Russia will increase from 15% to 22%. British intelligence emphasizes that the additional revenue generated will be used to finance…

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