Putin calls for 15% tax on offshore funds as part of plan to stabilize Russian economy

Russian President Vladimir Putin

Russian President Vladimir Putin outlined a range of measures on Wednesday to tackle the economic impact of the Covid-19 outbreak. They included making sure that everyone pays their fair share of taxes.

According to the Russian president, all income payments (as interest and dividends) leaving the country should be taxed adequately. Putin called on increasing tax on offshore funds to 15 percent.

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