State Duma deputy Mironov has proposed raising the tax on closed-end mutual investment funds by 25%, calling them “toys for oligarchs.”
According to him, since 2020 the number of these “financial clubs” has increased fivefold, and the funds’ total assets have reached around 6 trillion rubles. He claims that fewer than 2,000 people use this investment vehicle—billionaires, as well as their wives, children, and mistresses.
The lawmaker stressed that closed-end mutual funds are set up for a small circle of people: as a rule, they have no more than one or two investors.
According to him, since 2020 the number of these “financial clubs” has increased fivefold, and the funds’ total assets have reached around 6 trillion rubles. He claims that fewer than 2,000 people use this investment vehicle—billionaires, as well as their wives, children, and mistresses.
The lawmaker stressed that closed-end mutual funds are set up for a small circle of people: as a rule, they have no more than one or two investors.