Telegram included in register of Internet information distributorsBusiness & Economy June 28, 20:56
Putin says foreign spy services seeking to affect social processes in RussiaRussian Politics & Diplomacy June 28, 20:36
FIFA chief Infantino to attend Chile-Portugal 2017 Confederations Cup semis match in KazanSport June 28, 20:27
Lavrov expects US to refrain from creating pretexts for new attacks on SyriaRussian Politics & Diplomacy June 28, 20:09
Top diplomat says Germany willing to open new chapter in relations with RussiaWorld June 28, 19:28
Russia open for cooperation with Germany in war on terror, Lavrov saysRussian Politics & Diplomacy June 28, 19:22
Baltic Fleet’s fighter jets hold air combat drills in Russia’s westernmost regionMilitary & Defense June 28, 18:57
Russian telecom watchdog to include Telegram in registerBusiness & Economy June 28, 18:51
Skolkovo Foundation proactively cooperating with China — IT projects directorBusiness & Economy June 28, 18:41
The document, which has been elaborated by the Finance Ministry and will be submitted to parliament after its discussion in the Russian government in August, will oblige Russian tax residents to pay taxes on all of their revenues in Russia instead of hiding them in offshore jurisdictions. The finance minister said this at a meeting of the Russian president with the government.
Up to $50 billion is channeled annually from Russia into Cyprus and the Netherlands alone, of which Russian tax residents’ revenues account for about a half of this amount,” the finance minister said.Therefore, Russia “could receive about 30 billion rubles [about $900 million] in additional budget revenues [annually], which are extremely necessary,” Siluanov noted.
The agreements on avoiding double taxation, which Russia has signed with many countries, stipulate concessional taxation regimes, the finance minister said.
“Entrepreneurs are taking advantage of this, without disclosing information on beneficiaries and on how legitimately these privileges are used,” the finance minister said.
“We say that entrepreneurs can use these privileges only after they disclose such information and we can establish the final recipients of revenues and whether they have paid taxes to the Russian budget,” the finance minister said.