MOSCOW, June 24 (Reuters) – A tax cut for IT companies in Russia, proposed by President Vladimir Putin, would not have a revolutionary benefit on internet giant Yandex, Chief Financial Officer Greg Abovsky said on Wednesday.
Putin on Tuesday proposed cutting tax on IT companies’ profit to 3% from 20%, alongside an income tax increase for wealthy Russians, sending Yandex shares up more than 3%. (Reporting by Alexander Marrow Editing by David Goodman )
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