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Tax Reforms Towards the Creation of an International Financial Center in Russia

February 2010 - Tax & Private Client. Legal Developments by Baker & McKenzie.

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In December 2009 the Russian Parliament adopted important changes further promoting the Russian holding companies regime. Starting from January 1, 2011 Russian holding companies will no longer be required to meet the present 500 million ruble threshold for investments made into companies qualifying as “strategic investments” to receive tax benefits.

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