De-Offshorization and Capital Amnesty in Russia

De-Offshorization and Capital Amnesty in Russia

U.S. wealth management professionals need to analyze implications of two new laws

Russia recently adopted two new laws: (1) the De-Offshorization Law, which makes a number of major changes in the existing system of corporate and personal taxation in Russia; and (2) the Capital Amnesty Law, which offers capital amnesty through a voluntary declaration program. These two new laws may affect U.S. wealth management professionals dealing with Russian markets.

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