English to Russian Law/Patents Law: Taxation & Customs

Virtually all of the Member States thus have provisions which allow the taxation of capital gains to be deferred until they are realized (usually on condition that the entrepreneur undertakes to hold on to the securities received in exchange for the capital contributed to the new entity and that the assets transferred continue to be carried at their accounting value in the new entity's books) or allow the entrepreneur to choose between immediate taxation (which enables the new firm to calculate the depreciation of the transferred assets applying the value at which they were contributed and not the value at which they were carried in the books of the original enterprise) and deferred taxation.