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14 Jul, 2008 06:32

Revealed: the man who pays a third of Dagestan’s tax

Revealed: the man who pays a third of Dagestan’s tax

Russian billionaire Suleiman Kerimov paid $100m in taxes last year, according to Interfax news agency.

The astounding sum is a vital boost to the funds of Dagestan’s federal government, the southern region where Kerimov is registered as a taxpayer.

It constitutes roughly 35% of the totally tax income of the regional budget – or 7% of its total amount.

Over recent months Kerimov has been selling his Russian assets and investing abroad.

According to Forbes magazine Kerimov is worth $18.4 billion, making him Russia’s 8th richest man. As a senator in Dagestan, he is also one of Russia’s richest politicians.