Financial Times Revelations from the publication of tax returns: American billionaires pay few taxes. Propublica investigation starting from the analysis of thousands of data from tax records of the United States Revenue Agency Sunak presses to exempt the City from the global taxation regime exited by the G7 to hit the "largest and most profitable multinational companies" on the planet . Sunak said the "historic" deal by the G7 finance ministers would force "the biggest multinational tech giants to pay their fair share of UK taxes." But an official close to the talks said the UK was among those countries pushing "for a financial services exemption".reflecting Sunak's fears that London-based global banks may be affected. HSBC, the UK's largest bank by revenue, generates more than half of its income from China, while Standard Chartered, another UK-based actor, does little business in Britain, most of it in Asia and Africa. Sunak raised the issue during G7 talks in London and his advisers confirmed that he will continue to make the case at the G20 next month. "Our position is that we want financial services companies to be exempt and EU countries are in the same position," a UK official said. However, Joe Biden, the president of the United States, wants to broaden the scope of the taxation so that it doesn't just affect US tech giants.The G7 deal will now be discussed in detail by G20 finance ministers and central bank governors. Under the "first pillar" of the agreement, countries could tax the profits of the largest multinationals by 20%, regardless of whether they have a physical headquarters in that country, if they have sold and obtained revenues in the same place. Sunak said the proposals agreed to at the G7 would increase the revenue of the treasury. But neither he nor the Treasury have hypothesized a turnover figure. TaxWatch, a think-tank, has calculated that "Big Tech" companies will pay less tax in the UK under the G7 plan than they currently pay under the digital services tax. Propublica ProPublica has an editorial staff of about thirty journalists,is a web portal of a US non-profit company, financed by some wealthy donors to produce investigative journalism, has won three Pulizers in the last 10 years The secret files of the IRS Internal revenue Service, the Revenue Agency: one never-before-seen series of documents reveal how the richest avoid income tax ProPublica has obtained a vast amount of tax information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little income tax compared to their enormous wealth, sometimes even nothing. The federal tax system is progressive, meaning the rich pay a higher tax rate on their income as it increases. And ProPublica has discovered, in fact,that the super rich who earn between $ 2 million and $ 5 million a year pay an average of 27.5%, the highest rate. Above 5 million in income, however, tax rates have fallen: the top 0.001% of taxpayers - 1,400 people who reported income above 69 million - paid 23%. And the 25 richest people ever pay even less. Jeff Bezos paid no income tax in 2007 and 2011. That of Tesla founder Elon Musk in 2018 was zero. And financier George Soros has spent three consecutive years without paying it. Billionaire financing Carl Icahn did it twice, while George Soros also did it for three years in a row. Many Americans, ProPublica writes, live off their wages with minimal savings.They too pay progressive taxes. In recent years, the average American family has earned about $ 70,000 a year, paying a 14% rate in federal taxes. The higher rate, introduced this year, amounts to 37% for couples, on incomes above 628 thousand dollars. Billionaires do not, because they have tax avoidance and because their wealth comes from the soaring value of their assets, such as stakes or real estate. These earnings are not covered by US law as taxable income until the assets are sold. For the 25 richest Americans ProPublica found that their wealth grew by a total of $ 401 billion from 2014 to 2018. In these 5 years they paid a total of 13,$ 6 billion in federal income taxes, or a 3.4 percent rate. A middle-class American, with family income growing by $ 65,000 after taxes over the same five years, paid nearly $ 62,000 more to the tax authorities over the period. Why We Publish 0.001% Tax Secrets We disclose the tax records of the wealthiest Americans, write Stephen Engelberg and Richard Tofel, because we believe the public interest in informed debate outweighs privacy considerations. Wall Street Journal Editorial: the return of the tax scandal Less than six months into the Biden presidency, the Internal Revenue Service is already at the center of an abuse of power scandal, due to Jeff Bezos' fiscal data.Warren Buffett and other wealthy Americans revealed by ProPublica, a website whose journalism promotes progressive causes. Disclosure of such information is a criminal offense, as tax returns are confidential under federal law. ProPublica claims to have received the files from "an anonymous source" and does not know who provided them, how they were obtained or what the reasons for the source are. Let us fill in this last void. The story comes amid efforts by the Biden administration to push through the largest tax rate hike since 1968. The timing here is no coincidence, comrades. Someone at the IRS, or someone who violated the IRS, leaked the documents to influence the debate in Congress. The point is that wealth and income are different,and what Americans pay is a tax on income, not on wealth. ProPublica beats a lot of the fact that these billionaires pay a lower rate on capital gains and dividends than others pay on income. The investigation suggests that this is unfair, but it is not. The preferential rate for capital gains and dividends has been a central part of the tax system for decades, and for good reason. Congress wanted to encourage capital investment; assets are often held for decades and capital gains are realized only at the time of their sale. The ProPublica investigation essentially supports Warren-Sanders' radical agenda. Wall Street Journal A man slaps Macron in the face of Tain-l'hermitage as tensions rise ahead of the elections.FBI leads to hundreds of arrests in dozens of countries around the world Millions of Johnson & Johnson vaccine doses risk expiring at the end of the month The prospect of so many doses going to waste in the United States when developing countries are desperate for injections, would add pressure to the Biden administration to share vaccine stocks. But there are few practical solutions to quickly administer them in the United States or distribute them overseas on time, according to experts from the vaccination campaign. The stash is, in part, an unintended consequence of the US decision in April to temporarily suspend doses of J&J to assess a rare risk of blood clots.The hiatus has forced states and suppliers to cancel large blocks of appointments that have never been rescheduled, leaving a surplus of supply and in some areas increasing uncertainty about the safety of the J&J vaccine Joe Biden wants to reconcile with Europeans Together instead of "America first", negotiate instead of going it alone: US President Joe Biden is on his way to Europe and his first overseas trip will take him via London to the G7 summit in Cornwall with a clear message for NATO partners Euractiv (information network on European policies,collaborates with Tagespiegel) US Secretary of State wants to cushion the effects of Nord Stream 2 A US State Department report sent to Congress in May concluded that Nord Stream 2 AG - the company behind the pipeline to Germany - and its to Matthias Warnig, a person close to Russian President Vladimir Putin, they have undertaken "activities worthy of sanctions". However, Blinken waived the sanctions and said it was in the national interest of the United States. Upon completion of the pipeline, which cost about 9.5 billion euros, Germany is also involved, an important NATO ally with which Democratic President Joe Biden wants to mend the relationship damaged under his predecessor Donald Trump.Germany gets a large part of its energy imports from Russia, which is why the current federal government supports the project. However, Annalena Baerbock of the Greens had repeatedly spoken out against the project. "Germany has come to the table and we are actively talking to them," Blinken stressed at the hearing in the House of Representatives Foreign Affairs Committee. "In practice, I think the physical completion of the pipeline was a fait accompli," Blinken said. "And regardless of the sanction of this company and the CEO, in our opinion that would not have changed anything on the physical completion." "I think we have theopportunity to turn a bad hand we inherited when we took office into something positive. "El Pais Biden seeks to strengthen the alliance against China in his first international tour Joe Biden, first international tour as president reflect new role that the United States wants to play in the world, after four years of hurricane Trump, and which essentially consists of leading the blockade of Western democracies in the face of the authoritarian power of the Chinese commercial, military and technological regime. With Ursula von der Leyen and with the President of the European Council, Charles Michel Biden wants to "ensure that market democracies, not China or anyone else, write the twenty-first century rules on trade and technology." In particular,they will explore new ways of collaborating in 5G technology and to ensure the supply of semiconductors, tiny microprocessors that make it possible to operate most digital devices that are in short supply. Handelsblatt Transatlantic Relations: US President Biden embarks on a Chinese mission to Europe. Joe Biden's main concern is an anti-Chinese alliance - politically, economically, technologically. But the goal of isolating Beijing runs counter to the EU's economic interests. A quick look at the trade balance shows that: The EU exports € 203 billion worth of goods to China, nearly double that of the US. The German export economy, in particular, is strongly oriented towards the Chinese market.Bejing Review Joe Biden's Trumpism If we look at China-US relations over the past four months since Biden took office, it's easy to see that no significant changes have been made to Trump's Chinese policy. Bilateral relations even deteriorated when Biden tried to use "diplomacy of value" to strike at China: interfere in China's internal affairs under the pretext of human rights; create anti-Chinese alliances by creating a wedge between China and Europe and Indo-Pacific countries; and send more weapons to Taiwan than China. The Biden administration continues to lead China-US relations in an antagonistic direction. Le Parisien The slap that worries Tain l'Hermitage, 1.30pm. A 28 year old hits Emmanuel Macron.A gesture that reveals the fragility of the protection of the President of the Republic and the growing violence in French society and on social networks. L'Humanité Far right, guard level exceeded Death threats to left-wing militants. The president slapped. RN ideologists on the media. Rampant revisionism. Nostalgic military The dediabolisation of the RN and the right has reached such levels that the left is today presented as more dangerous than Marine Le Pen by many intellectuals and parliamentarians. Liberation the beginning of the end. Curfew moved to 11pm, indoor restaurants reopen, this June 9 has the taste of newfound freedom. Is it really the end ofhell covid? The vaccine rush of twenty and thirty-year-olds increases hopes of confirmation of June 21 as the end of the restrictions even though 5 million British live in areas where Covid returns to infect and the government intensifies the battle against the Indian variant From the Gestión editorial team ( Peru) Mexico's president suffers a setback in political elections marked by violence Mexican President Andrés Manuel López Obrador suffered a setback in last Sunday's elections, which, according to the official quick tally, weakened his majority in the Chamber of Deputies. According to the projection of the National Electoral Institute (INE), the Morena party has lost the absolute majority it held alone, having between 190 and 203 seats. "It is a defeat for López Obrador, not overwhelming, but it weakens him and his project because it requires constitutional reforms - declares the political scientist and historian José Antonio Crespo - It is an important victory for the opposition because it was able to capitalize on the discontent, even if the reality is that they voted against López Obrador, not for them. "Qualified majority is the key to the left-wing president's anti-neoliberal crusade, which aims to restore control of the energy sector to the state, against the laws they have opened the doors to private companies in 2014. According to the consultancy Etellekt, the elections took place after the devastating effects of the pandemic and an escalation of violence that caused the death of 91 politicians, 36 of them candidates or pre-candidates.The Attorney General confirmed last Sunday that unknown persons left two heads and other human remains in the polling stations of Tijuana (north-west, on the border with the United States), which was hit hard by drug trafficking. The day before, five indigenous people carrying election materials were killed in an ambush in the southern state of Chiapas. This violence is part of the bloodbath that the country has suffered since 2006, when the government of the time launched a military anti-drug operation. Izvestia (iz.ru) Russian airlines ask to postpone registration of aircraft in Russia Russian airlines have asked to postpone the introduction of the ban on the registration of aircraft in the registers of foreign countries. He communicated it to "Izvestia"a source close to the Ministry of Transport, and the information was confirmed by the head of Smartavia, Sergey Savostin. According to the Russian Federal Air Transport Agency, more than 700 Russian aircraft are currently registered overseas, causing the Russian treasury to lose $ 50 million a year. airline representatives fear that the ban will prevent them from leasing new planes to foreign companies and force them to buy second-hand planes. But experts say that nowadays the registration of aircraft in one's own country is a common practice, but the conditions for profitable registration of aircraft in Russia will only be possible after the harmonization of Russian national legislation with international one.Russian airlines that have leased aircraft of foreign manufacture may face the problem of forming their own fleets after the introduction of the ban on registering aircraft in the registers of other states, according to Savostin: "We see the likely consequences of such decisions in the 'impossibility of signing new contracts with foreign lessors and expanding the fleet of foreign-made airlines. Under the current regime, the lessors, who register aircraft mainly in Bermuda, do not foresee any possibility to transfer the registration to Russia. "According to data from the Russian National Civil Aviation Authority (Rosaviatsija), 740 aircraft are registered in the foreign registers, out of the total Russian fleet of 2.6 thousand aircraft.introduction of the ban on registering aircraft in the registers of other states, according to Savostin: “We see the probable consequences of such decisions in the impossibility of signing new contracts with foreign lessors and expanding the fleet of foreign-made airlines. Under the current regime, the lessors, who register aircraft mainly in Bermuda, do not foresee any possibility to transfer the registration to Russia. "According to data from the Russian National Civil Aviation Authority (Rosaviatsija), 740 aircraft are registered in the foreign registers, out of the total Russian fleet of 2.6 thousand aircraft.introduction of the ban on registering aircraft in the registers of other states, according to Savostin: “We see the probable consequences of such decisions in the impossibility of signing new contracts with foreign lessors and expanding the fleet of foreign-made airlines. Under the current regime, the lessors, who register aircraft mainly in Bermuda, do not foresee any possibility to transfer the registration to Russia. "According to data from the Russian National Civil Aviation Authority (Rosaviatsija), 740 aircraft are registered in the foreign registers, out of the total Russian fleet of 2.6 thousand aircraft.inability to sign new contracts with foreign lessors and expand the fleet of foreign-made airlines. Under the current regime, the lessors, who register aircraft mainly in Bermuda, do not foresee any possibility to transfer the registration to Russia. "According to data from the Russian National Civil Aviation Authority (Rosaviatsija), 740 aircraft are registered in the foreign registers, out of the total Russian fleet of 2.6 thousand aircraft.inability to sign new contracts with foreign lessors and expand the fleet of foreign-made airlines. Under the current regime, the lessors, who register aircraft mainly in Bermuda, do not foresee any possibility to transfer the registration to Russia. "According to data from the Russian National Civil Aviation Authority (Rosaviatsija), 740 aircraft are registered in the foreign registers, out of the total Russian fleet of 2.6 thousand aircraft.
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by Paolo Cappelli
08 June 2021
Financial Times
Revelations from the publication of tax returns: American billionaires pay few taxes.
Propublica investigation starting from the analysis of thousands of data from the tax records of the United States Revenue Agency
Sunak is pushing to exempt the City from the global tax regime that came out of the G7 to target the "largest and most profitable multinational companies" on the planet. Sunak said the "historic" deal by the G7 finance ministers would force "the biggest multinational tech giants to pay their fair share of UK taxes." But an official close to the talks said the UK was among those countries pushing "for a financial services exemption," reflecting Sunak's fears that London-based global banks could suffer.
HSBC, the UK's largest bank by revenue, generates more than half of its income from China, while Standard Chartered, another UK-based actor, does little business in Britain, most of it in Asia and Africa. Sunak raised the issue during G7 talks in London and his advisers confirmed that he will continue to make the case at the G20 next month.
"Our position is that we want financial services companies to be exempt and EU countries are in the same position," a UK official said. However, Joe Biden, the president of the United States, wants to broaden the scope of the taxation so that it doesn't just affect US tech giants. The G7 deal will now be discussed in detail by G20 finance ministers and central bank governors. Under the "first pillar" of the agreement, countries could tax the profits of the largest multinationals by 20%, regardless of whether they have a physical headquarters in that country, if they have sold and obtained revenues in the same place.
Sunak said the proposals agreed to at the G7 would increase the revenue of the treasury. But neither he nor the Treasury have hypothesized a turnover figure. TaxWatch, a think-tank, has calculated that "Big Tech" companies will pay less tax in the UK under the G7 plan than they currently pay under the digital services tax.
Propublica
ProPublica has an editorial staff of about thirty journalists, it is a web portal of an American non-profit company, financed by some wealthy donors to produce investigative journalism, has won three Pulizers in the last 10 years
The secret files of the IRS Internal Revenue Service, the Revenue Agency: A Series of Never-Seen Documents Reveal How the Richest Avoid Income Tax
ProPublica has obtained a vast amount of tax information showing billionaires like Jeff Bezos, Elon Musk and Warren Buffett they pay little tax on their income compared to their enormous wealth, sometimes even nothing.
The federal tax system is progressive, meaning the rich pay a higher tax rate on their income as it increases. And ProPublica found, in fact, that the super rich who earn between $ 2 million and $ 5 million a year pay an average of 27.5%, the highest rate. Above 5 million in income, however, tax rates have fallen: the top 0.001% of taxpayers - 1,400 people who reported income above 69 million - paid 23%. And the 25 richest people ever pay even less.
Jeff Bezos paid no income tax in 2007 and 2011. That of Tesla founder Elon Musk in 2018 was zero. And financier George Soros has spent three consecutive years without paying it. Billionaire financing Carl Icahn did it twice, while George Soros also did it for three years in a row.
Many Americans, ProPublica writes, live off their wages with minimal savings. They too pay progressive taxes. In recent years, the average American family has earned about $ 70,000 a year, paying a 14% rate in federal taxes. The higher rate, introduced this year, amounts to 37% for couples, on incomes above 628 thousand dollars.
Billionaires do not, because they have tax avoidance and because their wealth comes from the soaring value of their assets, such as stakes or real estate. These earnings are not covered by US law as taxable income until the assets are sold.
For the 25 richest Americans ProPublica found that their wealth grew by a total of $ 401 billion from 2014 to 2018. In these 5 years have combined to pay $ 13.6 billion in federal income taxes, or a 3.4 percent rate. A middle-class American, with family income growing by $ 65,000 after taxes over the same five years, paid nearly $ 62,000 more to the tax authorities over the period.
Why
We Publish
0.001% Tax Secrets
We disclose the tax records of the wealthiest Americans, write Stephen Engelberg and Richard Tofel, because we believe the public interest in informed debate outweighs privacy considerations.
Wall Street Journal
Editorial: the return of the tax scandal
Less than six months into the Biden presidency, the Internal Revenue Service is already at the center of a power abuse scandal, due to the tax figures of Jeff Bezos, Warren Buffett and other wealthy Americans revealed by ProPublica, a website whose journalism promotes progressive causes. Disclosure of such information is a criminal offense, as tax returns are confidential under federal law. ProPublica claims to have received the files from "an anonymous source" and does not know who provided them, how they were obtained or what the reasons for the source are. Let us fill in this last void. The story comes amid efforts by the Biden administration to push through the largest tax rate hike since 1968. The timing here is no coincidence, comrades. Someone at the IRS,or someone who violated the IRS leaked the documents to influence the debate in Congress.
The point is that wealth and income are different, and what Americans pay is a tax on income, not on wealth. ProPublica beats a lot of the fact that these billionaires pay a lower rate on capital gains and dividends than others pay on income. The investigation suggests that this is unfair, but it is not. The preferential rate for capital gains and dividends has been a central part of the tax system for decades, and for good reason. Congress wanted to encourage capital investment; assets are often held for decades and capital gains are realized only at the time of their sale. The ProPublica investigation essentially supports Warren-Sanders' radical agenda.
Wall Street Journal
Man slaps Macron in Tain-l'hermitage as tensions rise ahead of elections
An FBI app leads to hundreds of arrests in dozens of countries around the world
Millions of Johnson & Johnson vaccine doses risk expire at the end of the month
The prospect of so many doses going to waste in the United States when developing countries are desperate for injections would add pressure to the Biden administration to share vaccine stocks. But there are few practical solutions to quickly administer them in the United States or distribute them overseas on time, according to experts from the vaccination campaign.
The stash is, in part, an unintended consequence of the US decision in April to temporarily suspend doses of J&J to assess a rare risk of blood clots. The hiatus has forced states and suppliers to cancel large blocks of appointments that have never been rescheduled, leaving a surplus of supply and in some areas increasing uncertainty about the safety of the J&J vaccine
Joe Biden wants to reconcile with Europeans
Together instead of "America first", negotiate instead of going it alone: US President Joe Biden is on his way to Europe and his first overseas trip will take him via London to the G7 summit in Cornwall with a clear message for NATO partners
Euractiv
(information network on European policies, collaborates with Tagespiegel)
The US Secretary of State wants to mitigate the effects of Nord Stream 2
A US State Department report sent to Congress in May concluded that Nord Stream 2 AG - the company behind the pipeline to Germany - and Matthias Warnig, a person close to Russian President Vladimir Putin, have undertaken "worthy activities. of sanctions ". However, Blinken waived the sanctions and said it was in the national interest of the United States. Upon completion of the pipeline, which cost about 9.5 billion euros, Germany is also involved, an important NATO ally with which Democratic President Joe Biden wants to mend the relationship damaged under his predecessor Donald Trump.
Germany gets a large part of its energy imports from Russia, which is why the current federal government supports the project. However, Annalena Baerbock of the Greens had repeatedly spoken out against the project.
"Germany has come to the table and we are actively talking to them," Blinken stressed at the hearing in the House of Representatives Foreign Affairs Committee. "In practice, I think the physical completion of the pipeline was a fait accompli," Blinken said. "And regardless of the sanction of this company and the CEO, in our opinion that would not have changed anything on the physical completion." "I think we have the
opportunity to turn a bad hand we inherited when we took office into something positive. "
El Pais
Biden seeks to strengthen the alliance against China in his first international tour
Joe Biden, the first international tour as president reflect the new role that the United States wants to play in the world, after four years of Hurricane Trump, and which essentially consists to lead the blockade of Western democracies in the face of the authoritarian power of the Chinese commercial, military and technological regime.
With Ursula von der Leyen and the President of the European Council, Charles Michel Biden wants to "ensure that market democracies, not China or anyone else, write 21st century rules on trade and technology." In particular, they will explore new ones. ways to collaborate in 5G technology and to ensure the supply of semiconductors, tiny microprocessors that make it possible to operate most digital devices that are in short supply.
Handelsblatt
Transatlantic Relations: US President Biden embarks on a Chinese mission to Europe. Joe Biden's main concern is an anti-Chinese alliance - politically, economically, technologically. But the goal of isolating Beijing runs counter to the EU's economic interests. A quick look at the trade balance shows that: The EU exports € 203 billion worth of goods to China, nearly double that of the US. The German export economy, in particular, is strongly oriented towards the Chinese market.
Bejing Review
Joe Biden's Trumpism
If we look at China-US relations over the past four months since Biden took office, it's easy to see that no significant changes have been made to Trump's Chinese policy. Bilateral relations even deteriorated when Biden tried to use "diplomacy of value" to strike at China: interfere in China's internal affairs under the pretext of human rights; create anti-Chinese alliances by creating a wedge between China and Europe and Indo-Pacific countries; and send more weapons to Taiwan than China. The Biden administration continues to lead China-US relations in an antagonistic direction.
Le Parisien
The slap that worries
Tain l'Hermitage, 1.30pm.
A 28 year old hits Emmanuel Macron.
A gesture that reveals the fragility of the protection of the President of the Republic and the growing violence in French society and on social networks.
L'Humanité
Far right, guard level exceeded
Death threats to left-wing militants.
The president slapped.
RN ideologists on the media.
Rampant revisionism.
Nostalgic military The dediabolisation of the RN and the right has reached such levels that the left is today presented as more dangerous than Marine Le Pen by many intellectuals and parliamentarians.
Liberation
the beginning of the end.
Curfew moved to 11pm, indoor restaurants reopen, this June 9 has the taste of newfound freedom.
Is it really the end of covid hell?
The the
the race for their twenties and thirties vaccines increases confirmation hopes of 21 June as the end of the restrictions even though 5 million Britons live in areas where Covid back to plague and the government steps up the battle against the Indian variant
From the Editor
Gestión (Peru)
The president of Mexico suffers a setback in political elections marked by violence
Mexican President Andrés Manuel López Obrador suffered a setback in last Sunday's elections, which, according to the official quick tally, weakened his majority in the Chamber of Deputies. According to the projection of the National Electoral Institute (INE), the Morena party has lost the absolute majority it held alone, having between 190 and 203 seats. "It is a defeat for López Obrador, not overwhelming, but it weakens him and his project because it requires constitutional reforms - declares the political scientist and historian José Antonio Crespo - It is an important victory for the opposition because it was able to capitalize on the discontent, even if the reality is that they voted against López Obrador, not for them ".Qualified majority is the key to the left-wing president's anti-neoliberal crusade, which aims to restore control of the energy sector to the state, against the laws that opened the doors to private companies in 2014.
According to the consulting firm Etellekt, the elections took place after the devastating effects of the pandemic and an escalation of violence that resulted in the deaths of 91 politicians, 36 of them candidates or pre-candidates. The Attorney General confirmed last Sunday that unknown persons left two heads and other human remains in the polling stations of Tijuana (north-west, on the border with the United States), which was hit hard by drug trafficking. The day before, five indigenous people carrying election materials were killed in an ambush in the southern state of Chiapas. This violence is part of the bloodbath that the country has suffered since 2006, when the government of the time launched a military anti-drug operation.
Izvestia (iz.ru)
Le compagnie aeree russe chiedono di rinviare la registrazione dei velivoli in Russia
Russian airlines have asked to postpone the introduction of the ban on the registration of aircraft in the registers of foreign countries. A source close to the Ministry of Transport communicated this to "Izvestia", and the information was confirmed by the head of Smartavia, Sergey Savostin. According to the Russian Federal Air Transport Agency, more than 700 Russian aircraft are currently registered overseas, causing the Russian treasury to lose $ 50 million a year. airline representatives fear that the ban will prevent them from leasing new planes to foreign companies and force them to buy second-hand planes. But experts say that registering aircraft in one's own country is a common practice nowadays,but the conditions for profitable registration of aircraft in Russia will be possible only after the harmonization of Russian national legislation with international one.
Russian airlines that have leased aircraft of foreign manufacture may face the problem of forming their own fleets after the introduction of the ban on registering aircraft in the registers of other states, according to Savostin: "We see the likely consequences of such decisions in the 'impossibility of signing new contracts with foreign lessors and expanding the fleet of foreign-made airlines. Under the current regime, the lessors, who register aircraft mainly in Bermuda, do not foresee any possibility to transfer the registration to Russia. "According to data from the Russian National Civil Aviation Authority (Rosaviatsija), 740 aircraft are registered in the foreign registers, out of the total Russian fleet of 2.6 thousand aircraft.
