Global tech giants like Google, Facebook and Apple should bring revenue to the countries where they are doing business, the Russian Finance Ministry has announced.
The ministry proposes amending Russia’s tax legislation to make leading multinational tech companies pay taxes to those countries where their users reside. The measure would allow the avoidance of budget losses and would make tax distribution more fair, the ministry said in a recently published document on taxation policies for 2021-2022 as cited by RBC business outlet.
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