In These New Times

A new paradigm for a post-imperial world

‘Anti-offshore’ law to bring billions back to Russian economy

Posted by seumasach on November 22, 2014

RT

19th November, 2014

Russia’s upper house of parliament has approved an “anti-offshore” law requiring individual and corporate taxpayers to foreign profits. The Russian government aims to prevent capital outflow via “offshores,” estimated at $200 billion in 2014.

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