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Russian government to draft laws on taxation of offshore zones

The instructions followed President Vladimir Putin’s orders of December 27, 2013, issued after his Address to the Federal Assembly

© ITAR-TASS/Dmitry Astakhov

MOSCOW, January 10. /ITAR-TASS/. Prime Minister Dmitry Medvedev has instructed the government to prepare legislative amendments on taxation of companies in offshore jurisdictions if they do not share their income with Russian officials who control them.

He also called for drafting legislative amendments that would make government support unavailable to such companies and would prohibit public or municipal contracts with them.

The instructions followed President Vladimir Putin’s orders of December 27, 2013, issued after his Address to the Federal Assembly (national parliament).

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