Russian Finance Minister
Alexei Kudrin last week accused the country's oil companies of
not paying their full share of taxes. He said that an investigation
into how much tax Russian oil companies have paid on their output
of crude has found evidence of widespread evasion.
The inquiry, a joint
effort between the finance ministry, the tax ministry and the
tax police had been begun in July, and the results were being
sent to the president.
"Their answers
exceeded our expectations," Alexei Kudrin said of the oil
companies. "The amount of money that wasn't paid in taxes
exceeded the amount the ministry of finance discovered."
It would have been
more surprising if the enquiry had shown that the oil companies
were paying their taxes correctly - the history of Russia's budget
in the last ten years has been to a considerable extent a history
of the power struggle between what used to be called 'the generals',
ie the men (no women you can be sure) who control the commanding
heights of Russian industry, and the Government. The generals
turned into the oligarchs, but until recently the Government has
been so deeply in debt to the oil and metals industries for political
and financial support that it more or less had to accept what
they chose to pay in the way of taxes. Quite often 'payments'
were nothing of the sort, but just the writing off of spurious
balances created in the labyrinthine depths of the industries'
bizarre accounting systems.
So when we now hear
that the oil companies have submitted to an investigation and
that the results have bettered expectations, it is something of
a miracle and shows how far the Russian government has come in
trying to run a 'normal' country.
Of course, with crude
prices at $30 a barrel, even the perennially cash-strapped Russian
oil industry is presumably swimming in cash, so it can probably
afford to dosh out a bit more than usual to the state budget.