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Taxes and Taxation
Reference:

Zhukova, Yu. A. Insidious Method of Charge: Recognition of Interest Earnings from Existing Loans

Abstract: Under the present economic conditions growing attention is being given to the problem of loan defaults in Russian banks. The percent of loan defaults is already estimated by a number of experts as much as 8.4 % of the loan portfolios. This is almost three times as much as 2-3 % in early 2008. Massive loan defaults will lead to both financial and tax consequences for credit companies.

Keywords:

credit, bank, percent, earning, suit, creditor, obligation, record, financing, control, tax.

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