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OUR ENTRY: "WHATEVER MR. PUTIN SAYS IT IS."

June 24, 2005

In the United States, we use emininent domain to dispossess property owners for the benefit of the powerful. In Russia, they use the tax law to achieve similar results, but in more thorough and humiliating fashion.

Apparently the conveniently elastic definition of "tax evasion" in Russia has become an embarrassment even to the authorities. The authorities have luanched a contest to define "tax evation," as opposed to tax "optimization," or, as we call it in the states, tax avoidance. The successful entry gets a 300,000 ruble prize; don't bother, we think we're a lock. Now if we can just find something to buy with rubles...

Hat tip: Taxable Talk.

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