Fridman: Back-Tax Troubles For Another Russian Billionaire
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And they say the IRS is aggressive. Russia&#39;s second largest cell phone operator, VimpelCom, has been hit with a $157 million back-tax claim for 2001.
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Mikhail Khodorkovsky, Russia&#39;s richest man, who is imprisoned on tax fraud charges, yesterday made an emotional attempt to recast himself as its leading political dissident, in a philosophical letter in which he blamed his wealth for his fate.
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YUKOS provides a real-life example of expropriation by taxation.
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Russian authorities on Wednesday claimed &#36;158m in back taxes from VimpelCom, the country's second-largest mobile phone company, raising fears of spreading political interference in private business.
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The charges opened a new line of legal attack against a Kremlin foe who was once regarded as Russiaâs richest man.
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Private-equity and hedge funds may soon face the taxman.
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The key production unit of beleaguered Russian oil giant Yukos was handed a back taxes bill for nearly $1 billion, the Interfax news agency reported Wednesday, apparently increasing the likelihood that the unit would be sold at auction.
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The mysterious auctioning off of part of Russia's Yukos oil giant dominates many editorials today. Some papers even point the finger at Russia's President Vladimir Putin.
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Curious investment moves by a Russian billionaire and the return of a former manager of the Arsenal football club in England have fired speculation that a takeover operation is brewing for the iconic concern.
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RUSSIAN OIL FIGHT: The main production subsidiary of oil giant Yukos, Yuganskneftegaz, is scheduled to be auctioned off by the Russian government on Sunday to pay off &#36;28 billion in back taxes it says Yukos owes.
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Despite reports that the beleaguered oil giant Yukos could receive yet another back tax bill in addition to the &#36;7.5 billion in claims it already faces, the company's stock rallied slightly Thursday on a new statement by President Vladimir Putin that he is not seeking the company's bankruptcy.
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Russian authorities yesterday claimed $158m (Â£94m) in back taxes from VimpelCom, the country&#39;s second-largest mobile phone company, raising fears of new political interference in business.
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Russia's state arms exporter has filed a  lawsuit against a businessman who said it was seeking to grab  private assets, the latest salvo in what analysts have said is  a turf war raging behind the scenes between Kremlin clans.
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Billionaire oligarch Mikhail Gutseriyev wanted by the Kremlin for tax evasion.
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by RN Eastern Europe editor Margreet Strijbosch, 25 October 2004. A Russian-born millionaire has turned Lithuanian politics on its head.
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Shares in Russia&#39;s No. 1 oil producer, Yukos, plummeted Tuesday on news that tax authorities had served the company with fresh back tax bills for nearly $10 billion US, bringing the company&#39;s total tax debt to some $17.
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Business & money: Â· EC concern at company's grip on supply linesÂ· Russian state monopoly may be forced to divest