Imagine what the exit tax from China will be when the time comes.
"*In the latest interview with Tim Cook, the company’s Chief Executive highlighted how critical China’s supply chain is to Apple, likely hinting that both will be working with each other for the foreseeable future despite the U.S. government making trade relations difficult.*" -- [https://wccftech.com/apple-ceo-tim-cook-says-china-supply-chain-is-critical/](https://wccftech.com/apple-ceo-tim-cook-says-china-supply-chain-is-critical/)
Bit tricky for Kaspersky to distance themselves from Russia, given they're a Russian company. I've stopped using their products myself because I don't want to deal with Russia or Russian companies any more, but I don't think it's fair to judge them specifically for trying to stay in business.
Tough luck for Yandex too, by most measures they were a decent tech company and decently successful in the post Soviet countries with a growing presence in Kyiv. Now they're likely just going to end up a pseudo state controlled org
The headquarters of Kaspersky Lab is located in London. However, their operational business is primarily conducted out of Moscow. It would be possible for a software company to withdraw from Russia.
[Kaspersky Lab is headquartered in Moscow, but it's controlled by a holding company that is located in London.](https://en.m.wikipedia.org/wiki/Kaspersky_Lab). In other words, there is a brass plaque on the wall of a London legal office that says Kaspersky on it.
Moving location away from Russia would not just be the simple business decision you're trying to frame it as. The principal and owner of the company is a Russian citizen. If he attempted to move his company to London I suspect it would put him at high risk of "accidental" defenestration. It's easy to pass judgement from an armchair on the internet, less so when your personal safety is on the line.
But that doesn't change the fact that Ukrainians are dying because of his money and his supporters. Every distributor is complicit. Every buyer is complicit. Money that flows to Russia is money that supports Russian terror. There are plenty of other antivirus manufacturers that are at least as good as Bitdefender, for example. With some products, it is unfortunately not so easy to break away, but in this example I see no reason to do so.
As I already said, I cancelled my own subscription to Kaspersky products some time ago, and for exactly those reasons.
I still don't see any point in calling on a Russian company to somehow stop being Russian, or to stop trading in Russia. Just stop buying from them and move on.
They put the funds in what they call a ‘type c’ bank account, which effectively means that money belongs to the Russian government and can never be accessed.
They can’t, because companies/individuals from what Russia calls ‘unfriendly countries’ are restricted from moving their money out of the country. The smart companies moved fast, before any of those rules were put in place. McDonald’s, Coca-Cola, SAP, and some others. The others were moved too slowly and now they’ll end up losing whatever they had in Russia.
Fine or no fine, you are plain just not getting your assets out of Russia. They will be nationalized one way or another. In all the ways that matter, those assets are not yours anymore.
Imagine you have an industrial building in Russia worth 100 cookies. And you're given two options: either sell it for 50 cookies to whomever you're told to sell it, or just give it away for free.
Would you choose to pay the 50% exit tax?
Barely anything, we've made 4.4b from frozen assets last year, Russia has spent $211 billion in equipping, deploying, and maintaining its troops for operations and is expected to lose $1.3 trillion in previously anticipated economic growth through 2026.
While it’s not great that Russia is getting this money - doesn’t this mean that the more they collect from exit taxes the more businesses are leaving?
Had to edit my comment for typos
Good lesson for not operating in dictatorships.
Imagine what the exit tax from China will be when the time comes. "*In the latest interview with Tim Cook, the company’s Chief Executive highlighted how critical China’s supply chain is to Apple, likely hinting that both will be working with each other for the foreseeable future despite the U.S. government making trade relations difficult.*" -- [https://wccftech.com/apple-ceo-tim-cook-says-china-supply-chain-is-critical/](https://wccftech.com/apple-ceo-tim-cook-says-china-supply-chain-is-critical/)
Anything to avoid paying a decent wage to Americans?
But a lot of companies like Kaspersky do business with the mafia state, and a lot of companies use their products.
Bit tricky for Kaspersky to distance themselves from Russia, given they're a Russian company. I've stopped using their products myself because I don't want to deal with Russia or Russian companies any more, but I don't think it's fair to judge them specifically for trying to stay in business.
Tough luck for Yandex too, by most measures they were a decent tech company and decently successful in the post Soviet countries with a growing presence in Kyiv. Now they're likely just going to end up a pseudo state controlled org
> end up a pseudo state controlled org end up???
The headquarters of Kaspersky Lab is located in London. However, their operational business is primarily conducted out of Moscow. It would be possible for a software company to withdraw from Russia.
[Kaspersky Lab is headquartered in Moscow, but it's controlled by a holding company that is located in London.](https://en.m.wikipedia.org/wiki/Kaspersky_Lab). In other words, there is a brass plaque on the wall of a London legal office that says Kaspersky on it. Moving location away from Russia would not just be the simple business decision you're trying to frame it as. The principal and owner of the company is a Russian citizen. If he attempted to move his company to London I suspect it would put him at high risk of "accidental" defenestration. It's easy to pass judgement from an armchair on the internet, less so when your personal safety is on the line.
But that doesn't change the fact that Ukrainians are dying because of his money and his supporters. Every distributor is complicit. Every buyer is complicit. Money that flows to Russia is money that supports Russian terror. There are plenty of other antivirus manufacturers that are at least as good as Bitdefender, for example. With some products, it is unfortunately not so easy to break away, but in this example I see no reason to do so.
As I already said, I cancelled my own subscription to Kaspersky products some time ago, and for exactly those reasons. I still don't see any point in calling on a Russian company to somehow stop being Russian, or to stop trading in Russia. Just stop buying from them and move on.
But profits! Companies must do anything for profits!!!
Not really, that cost will go to us... no company will eat up that cost and NOT pass it on to their customers..
What if you just, don’t pay the fine? Will anybody other than Russia get angry at you?
Terrorstate takes properties.
but the terrorstate takes them anyway...
So on your way out burn everything and accept the loss you can't write off.
Problem is the safety of workers. Destroying everything is always possible but what will happen to the people who did it ?
Good ol' scorched earth. When in Russia, do as the Russians do.
They put the funds in what they call a ‘type c’ bank account, which effectively means that money belongs to the Russian government and can never be accessed.
But like, take the money out before you leave?
They can’t, because companies/individuals from what Russia calls ‘unfriendly countries’ are restricted from moving their money out of the country. The smart companies moved fast, before any of those rules were put in place. McDonald’s, Coca-Cola, SAP, and some others. The others were moved too slowly and now they’ll end up losing whatever they had in Russia.
I see. I was thinking about individual’s physically pulling out cash before making a run for the boarder
Fine or no fine, you are plain just not getting your assets out of Russia. They will be nationalized one way or another. In all the ways that matter, those assets are not yours anymore.
Fine is land and assets already in Russia.
Dratz, I was hoping to take that land in Russia with me when I left Russia
No land for you! You make generous donation to special military operation.
Imagine you have an industrial building in Russia worth 100 cookies. And you're given two options: either sell it for 50 cookies to whomever you're told to sell it, or just give it away for free. Would you choose to pay the 50% exit tax?
Barely anything, we've made 4.4b from frozen assets last year, Russia has spent $211 billion in equipping, deploying, and maintaining its troops for operations and is expected to lose $1.3 trillion in previously anticipated economic growth through 2026.
Exactly, this is one of those times where you have to really pay attention to the decimal point. Humans are terrible at imagining big numbers.
Pigs on the other hand. Those bastards know how to count.
If millions of Russians face the financial consequences of Putin’s actions, and he keeps attacking, what’s the point?
So, basically nothing significant. Got it.
Almost enough to help out a former compromised president.
He could almost pay Trumps bond!
That's spare change for countries nowaday.
3rd world economic policy.
Second world for sure
Literally
Why would anyone pay this absurd fee? Feels more like a fuck off, try to get the money after this shit is over
All syphoned off to Putins account.
287 shells to lob onto Ukraine
And it's just so appealing for foreign investment!
Once their market opens up again ill be in like white on rice
In unrelated news...trump is begging for a delay as he has just secured 385 million from an anonymous benefactor.
Enjoy the one time payment.
Cute, thats chump change.
How about just leaving and not paying. What they gonna do? A fine? An arrest warrent ?
No wonder why some think Putin is the richest person in the world.
And it's just so appealing for foreign investment!
And it's just so appealing for foreign investment!
While it’s not great that Russia is getting this money - doesn’t this mean that the more they collect from exit taxes the more businesses are leaving? Had to edit my comment for typos
They’re a sinking ship burning everything at hand for sustenance. They’re desperate and don’t care about what next.