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Russian steel town reels in billionaires

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Russia’s far flung steel producing regions are feeling the pinch as industrial growth slows down, reducing the income regions get from corporate income tax. So it’s heartening to see that the billionaire co-founders of Evraz have decided to register as tax payers in the remote Siberian town that is home to the Russian steel group’s biggest rolling mill, hoping their own mammoth personal tax payments will make up some of the shortfall.

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