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Орлов Михаил
Mikhail Orlov
Partner, Head of Tax and Legal, KPMG Russia; Chairman of the Expert Council of the Committee for Budget and Taxes of the State Duma of the Federal Assembly of the Russian Federation
Quotes
04.09.2019
EEF 2019
Russia and the EAEU in the Asia Pacific: Key Integration Factors and Prospects for Strengthening Business Ties
Investors in the Far East are worried about the complexity of tax legislation and the lack of stability in it. The Far East is a leading region in Russia in terms of the number of preferential regimes per capita. This number makes it hard for a foreign investor entering the region to figure things out. <...> Conditions for organizations which have already joined projects keep changing
04.09.2019
EEF 2019
Russia and the EAEU in the Asia Pacific: Key Integration Factors and Prospects for Strengthening Business Ties
The Far East could become an experimental platform for preferential regimes, which would allow us to understand how they would subsequently operate across the whole of Russia. However, there would be no sense in doing this if business conditions and taxation keep changing. That is why we are calling on the government to ensure a stable environment
04.09.2019
EEF 2019
Preferential Regimes for Investors: Current Progress and New Challenges
There is one significant difference between our ASEZs and preferential regimes in other countries, or the Asia Pacific at least. That is, we are attempting to create a preferential regime for the company in front of us. This is typically a company that manufactures goods or extracts resources – an industrial company. In other countries, the focus is on developing the services sector. It appears to me that we very rarely pay attention to the services sector
04.10.2018
Russian Energy Week 2018
Increasing the Efficiency of Oil Production: Responding to the Challenges
I was embarrassed to ask the question of why we needed 550 million tonnes of production given that we had planned much less. The only answer I can come up with is that maybe oil will not be needed at all in 5–6 years. It’s pointless now to conserve and reduce oil production while expecting to produce it for another 70 years, given that alternative sources of energy will put an end to oil as the main energy industry in the next 10 years
04.10.2018
Russian Energy Week 2018
Increasing the Efficiency of Oil Production: Responding to the Challenges
When there are a lot of benefits, this means that the [tax] regime is initially wrong
25.05.2018
SPIEF 2018
Fiscal and Tax Policy as Factors Affecting Economic Growth
In 1998, when the Tax Code was adopted, it was called an act of direct action that would create clearer tax rules. Much has changed in 20 years. The code has now lost this defining quality. There are a lot of reference rules to the acts of executive authorities. In the first part of the Tax Code alone there are more than a hundred references. Different articles of the Tax Code are set up as if they were the only ones of their kind, and they have no connection to the previous sections or to those that follow. We lack a codified act at present.