
The mechanism will allow companies to direct future profits to current investments in new projects
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The proposal was announced as part of initiatives to support business investment activity.
Chairman of Business Russia Alexey Repik proposed creating a tax investment certificate in Russia that would help companies invest in new projects and receive loans for them.
“Here is another idea. We propose a mechanism that allows tomorrow’s profits to work on investments today. That is, the company invests in new capacities, automation, R&D and, after confirming the costs, receives an investment tax certificate, for example, for half the investment amount. It is paid off only from the future increase in profits. Accordingly, if there is no increase, there is no deduction,” Repik said at a meeting with Russian President Vladimir Putin.
He added that such a certificate will be a security against which the bank will be able to lend to projects.

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