Regarding lb notable >>7406348 Biden/Burisma/Ukraine farmland
Rinat Akhmetov+Viktor Pinchuk+Igor Kolomoisky+IMF
(2nd thread key)
https://mobile.twitter.com/RevisitedRick/status/1179160879255953408
https://mobile.twitter.com/RevisitedRick/status/1187475366559932418
*part of larger dig into Ukraine telecoms, can post raw notes of that for leads
RINAT/METINVEST/KOLOMISKY/TAX FRAUD
Why did the Ukrainian oligarch “overpay” himself more than $42 million for his own coal earlier this year? One of the local experts says the businessman is just compensating for his losses from the Donbass blockade and assets nationalized in Lugansk and Donetsk. “On the one hand, money is taken out of the country and transferred to the accounts of his own company in U.S. as profit. On the other hand, growth of expenses on coal, and consequently, on metallurgical production allows reducing profits and paying less taxes. At the same time, this does not affect the group’s rating as the money remains in the company. Only the state budget of Ukraine suffers from all this,” the expert says.
He is sure that businesspersons holding oil refineries and car filling stations practiced such “compensation schemes.” “Oil refineries were publishing their losses, while the profits are transferred to car filling stations,” the expert told EADaily. “The idea was to optimize tax burden. For instance, 43% of Kremenchug oil refinery belongs to the state, but operational control is in the hand of Privat Group of Igor Kolomoisky. If oil refinery generated profits for the accountable period, it would have to share it with the state. If the margin was transferred to car filling stations owned by Privat, there was nothing to share with the state. One can see a similar situation with import of coal from U.S. Artificial reduction of profits of Metinvest’s metallurgical combines enables the group to evade profit tax in Ukraine.”
https://eadaily.com/en/news/2017/07/20/ukraines-oligarchs-make-up-for-donbass-losses-with-expensive-coal-from-usa