OREANDA-NEWS. December 11, 2008. Corporate profit tax payments to the Russian budget equaled 38% in November 2008 compared with the year-earlier period, Deputy Finance Minister Anton Siluanov said at a briefing after the Cabinet’s meeting. “The corporate profit tax, which is an important source of income for a number of Russian constituent entities, mainly in such financially strong regions with robust industrial production and big plants, especially metal makers, constitutes substantial losses for regional budget revenues” – Siluanov pointed out. However, he specified that tax revenues amounted to RUB 4,471 bn in January-November or 30% more than in the same period a year ago. In addition, tax payments and non-fiscal revenues accounted for 87% of the tax receipts generated in November 2007.