Russian SC ruling spells danger for thinly capitalised companies
January 10, 2012
Joe Dalton
Russian companies with significant foreign capital and high debt to equity ratios, are at risk of attack by the tax authorities following a recent Supreme Arbitration Court (SAC) ruling.
Last November, the SAC ruled in favour of the Russian tax authorities in a case against coal mining company Severny Kuzbass.
Sorry. You must be a subscriber to view this article. Alternatively, why not take a free trial? To subscribe and access this article immediately simply click here or call +44(0)207 779 8380.