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Russian government to raise responsibility for disclosure of tax, banking secrecy

November 11, 2014, 4:02 UTC+3 MOSCOW

A bill on it will be examined by the cabinet of ministers on Tuesday

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MOSCOW, November 11. /TASS/. Russian government plans to raise accountability of the individuals getting access to or disclosing the information that is subject to tax or bank secrecy. A bill on it will be examined by the cabinet of ministers on Tuesday.

The governmental press service said in this connection changes will be introduced in Russia’s Criminal Code for the purpose of reducing the number of unauthorized disclosures of the data, which makes up commercial or tax or bank secrecy.

The objective of other bills that will come under discussion on Tuesday is to ensure the functioning of free warehouses in Russia and to specify the requirements for equipment and land development, as well as to stipulate customs procedures at warehouses of this type.

Commodities stored at free warehouses will be exempt from a number of fees and prohibitions.

In addition to it, the government will discuss the allocation of 3 billion rubles (about $ 65.22 million) for the Fund for Development of one-company towns in the years through to 2017 and transfers of supplementary funds to the budget of the Republic of Crimea for the Crimean Railway state enterprise.

Financial aid is called upon to assure steady functioning of the Crimean railway system.

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