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Articles with tag "Tax"
layer of secrecy
Kremlin Officials to File Anonymous Tax Returns – Vedomosti
Kremlin officials and Russian cabinet members will file anonymous tax returns, Russia’s Vedomosti business newspaper reported Wednesday, citing unnamed...
EXTRA CASH
Russia Rakes in $1Bln From New Tax on Top Earners
Extra revenues almost 40% higher than expected in first year of new income tax system.
GIG ECONOMY
New Tax Scheme Lures 4 Million Russians to Self Employment
Most of the freelancers run taxi, repair and delivery, marketing and real estate services.
DEOFFSHORIZATION
Russia Tightens Rules on Offshore Holding Companies
Dozens of Russian companies with Cypriot headquarters will lose access to government support under new rules.
FACING PRISON
Top Executive of Russia’s Novatek Arrested in U.S. for Tax Fraud
A federal grand jury indicted Mark Gyetvay for hiding assets worth as much as $93 million in offshore accounts between 2005 and 2016.
COUGH UP
Russia Demands Metals Giants Pay Windfall Tax
Surging prices have helped metals companies “trick” the state out of $1.4 billion, a key government figure said Monday, demanding they pay up the difference...
FOREIGN WEALTH
Russians Hold $180Bln Abroad – Tax Service
There are around 700,000 foreign accounts controlled by Russian individuals and legal entities, according to the Federal Tax Service.
no access
Steven Seagal’s Russian Account Blocked By Tax Authorities – Reports
The Sberbank account was blocked in order to ensure the collection of a tax, penalty or fine, documents said.
Flat Tax
Putin Signs Law Raising Income Tax for High Earners
Starting next year, the tax rate will rise from 13% to 15% on incomes over 5 million rubles.
OFFSHORE CRACKDOWN
Russia Hikes Taxes on Firms Sending Profits to Cyprus
The Kremlin is on a high-profile drive against Russian companies headquartered in low-tax jurisdictions overseas.
TAX TREATY TANKED
Moscow to Ditch Popular Tax Treaty With Cyprus
In campaign against offshorization, Russia will hike taxes on businesses sending profits overseas.
TECH BOMBSHELL
The Lowest Tax Rate in the World? Russia’s ‘IT Tax Maneuver’
Experts see the Kremlin’s tax cuts for software firms as its latest attempt to squeeze out foreign competition.
TAX HIKE
Russia Will Raise Taxes on Top Earners, Putin Announces
Flat tax rate scrapped as rich Russians to help pay coronavirus bill.
PLEBISCITE PREPARATIONS?
Russia Mulls Tax Hike on Top Earners
Authorities consider scrapping the flat income tax system, but analysts suspect pre-referendum wheeze.
TAX AVOIDANCE
Most Russian Producers Receive Government Tax Breaks
Foreign firms in Russia more likely to use government schemes to write down tax liabilities.
OFFSHORE HUBS
British Tax Havens to Share Data With Russian Authorities
The sharing of financial information is in the spotlight as Russia has lifted restrictions on its citizens holding overseas bank accounts.
WEALTH TAXES
Rich Russians Demand New Tax Breaks
Business owners want a European-style tax system.
Tax cuts
Energy Minister Calls for Reform of Oil Taxes
Energy minister says that without tax reform, Russia will not be able to sustain its current level of oil production
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