The Russian government has proposed fixing the foreign exchange rate in order to carry out thin capitalization calculations. Also, some companies will be able to switch to paying monthly advance payments based on actual income, Russian Prime Minister Mikhail Mishustin said at a government meeting.
“Also among the bills being considered today is a proposal to fix the foreign exchange rate to calculate the so-called thin capitalization. That is, organizations whose activities are financed by raising borrowed funds will not face an increase in obligations to the state due to an increase in the value of the dollar or the euro,” Mr. Mishustin said during his speech.
Also, the government may allow monthly advance payments for some companies to be calculated based on their actual income.
“Thin capitalization” characterizes the financial condition of the company, when the amount of borrowed funds significantly exceeds its equity capital. In this case, the company’s activities are financed not by the investments of its owners in the authorized capital, but by attracting debt financing.
At the same meeting, the government proposed raising the minimum threshold on the number of shares for requesting documents from joint-stock companies and challenging its transactions in order to protect the information of joint-stock companies from “manipulation” by unfriendly states.
How the military operation will expand the powers of the White House – in the material “Kommersant” “Untie Your Hands”.