US Senate Panel Weighs End to Tax Breaks for Companies Backing Russia

Companies and individuals backing Russia should lose any U.S. tax breaks, the head of the Senate Finance Committee said on Friday, saying his panel was developing plans to strip Russian supporters of any "tax goodies."

Panel Chairman Ron Wyden, D-Ore., said Russian oligarchs and companies should not get U.S. tax breaks, adding: "If U.S. companies choose to keep paying taxes to Russia - taxes that are funding the bombing of hospitals for women and children - they should do it without a penny of help from American taxpayers."