Finance Chronicle

Bahrain’s finance minister said adherence to strict Islamic rules helped his country escape the worst of the global recession.

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Bahrain finance minister: Islamic rules saved us from recession

Russia’s Finance Ministry will present amendments to the country’s Tax Code this year to replace the land tax and an individual property tax with a 0.1 percent tax on real estate tied to market prices.

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Finance Ministry to present 0.1 pct real estate tax draft in 2010