On the 18th of March the Russian Ministry of Finance published a draft law on anti-offshore measures.

On the 18th of March the Russian Ministry of Finance published a draft law on anti-offshore measures.

On June 15 2016 the State Duma of the Federal Assembly adopted in its third reading the Federal Law on the Amendment of Part One and Part Two of the Tax Code of the Russian Federation.

Federal Law No 376-FZ introduces significant changes to the rules governing the reporting and taxation of participation interests by Russian tax residents in controlled foreign companies.

A nation, shaped profoundly by powerful leaders across the ages, instinctively recognizes the cultural and political importance of strong images. If a picture is worth a thousand words, then the modern icons of Russia are worth millions of rubles.

Russia has recently introduced significant changes to its tax code, intended to restrict the use of offshore corporate and trust structures controlled by Russian taxpayers...

he Russian government has increased efforts to combat tax base erosion by discouraging the use of offshore jurisdictions to mitigate tax liability.

The new law on the taxation of controlled foreign companies and other anti-offshore measures has received Presidential Assent on 24 November 2014.