Petrochemical enterprises were included in the list of companies from which it is proposed to collect “super profits”
Petrochemical enterprises were included in the list of 16 strategic Russian companies, from which it was proposed to collect 513 billion rubles of “super profits”.
With such a proposal to Vladimir Putin asked the assistant to the President of the Russian Federation Andrei Belozerov, reports RBC. Collected from metallurgical and chemical enterprises (the list includes SIBUR and NLMK, but don’t hit “fertilizers”), the money was earmarked to the implementation of the new decree of may — is not enough 8 trillion rubles. The Russian President, according to the holding, supported the initiative. A copy of Belozerov’s letter to Putin, which was at the disposal of the RBC, is a visa “Agree”, but the press Secretary of the President Dmitry Peskov refutes this information.
In the letter, the adviser reports that in 2017, metallurgical and chemical companies earned more than 1.5 trillion rubles (before interest, taxes and depreciation (EBITDA). At the same time, the tax burden on these industries is lower than in the petrochemical industry — 7% (against 28%), and the market environment is favorable for enterprises.
The list of 16 companies — strategic company in the country, “Gazprom” and “Norilsk Nickel” to “Severstal” and “Rosneft”. In the case of “withdrawal of super profits”, Norilsk Nickel (114 billion rubles), ALROSA (67 billion) and SIBUR (65 billion) will pay the most. Novolipetsk (revenue 579 billion, tax burden 4%) is proposed to pay to the budget a little less than 21 billion rubles. In the letter, Andrei Belozerov explains that these figures are obtained as a result of the analysis of the profitability of companies compared to the oil and gas industry.
The income of the Federal budget from this measure is expected to be comparable with an increase in VAT by 2%.
In 2016, the government seized additional revenues from oil and chemical exporting enterprises, which they received as a result of the devaluation of the ruble. As a result, 600 billion rubles were collected.
According to RBC, the mechanism for such exemptions is instructed to develop the Ministry of Finance. Two relevant ministries will also participate: the Ministry of industry and energy.
According to the analyst of S & p Global Ratings, the implementation of this initiative will lead to a decrease in dividends, because large companies bind them to the cash flow. Therefore, the “withdrawal of excess profits” will cause a recession, the collapse of investment programs and the loss of investors.