RUSSIA'S LOAN TAX BAD FOR BUSINESS

What will they do next? Oil companies and other investors in Russia must be tired of asking that question about the country's regulators, politicians, and tax collectors. The first two rules of Russian business are that there are no rules and that exceptions to the first rule can be expected to change with little or no notice. Many Russians, it seems, have yet to comprehend the strength of capital's revulsion toward instability. What other explanation can there be for Moscow's

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