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. Last Updated: 07/27/2016

Foreigners May Get Tax Break

The State Property Committee has proposed removing taxes for foreigners investing money in privatized Russian enterprises, Itar-Tass reported Monday.

According to the agency, the property committee wants President Boris Yeltsin to issue a decree freeing foreign investors from the heavy taxes and customs duties levied on them, saying the move is "essential" to improve the environment for foreign investment.