Alexander Podolsky's Blog – May 2012 Archive (1)

Russia is about to tax offshore income of Russian holding companies

 

New Tax Policy Guidelines for 2013-15 provide for a 20% tax on undistributed profits of controled foreign companies (CFC) payable be parent holding companies. Ministry of Finance believes this should help fight capital flight from parents to low tax jurisdictions. But experts believe this may lead to relocation of major holdings from Russian soil if rules will be too strict or applied rigorously.…

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Added by Alexander Podolsky on May 30, 2012 — Defero Law

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