G20 Countries Resist Protectionism
Wednesday, March 10, 2010
The Organization for Economic Cooperation and Development, the World Trade Organization and the United Nations's Conference on Trade and
Development have reiterated their calls on leaders of the G20 countries to resist
protectionism, or the prospects for economic recovery may be wiped out.
Russia Discusses VC Incentives
Friday, March 05, 2010
Russia's ministry of economic development has countered last month's ministry of finance proposals to stimulate innovation and modernization of the economy with a much more adventurous tax incentive package for venture capital, including capital gains tax holidays.
Russian Tax Official Arrested Over Nestle Audit
Monday, March 01, 2010
The Russian Ministry of the Interior has instituted criminal proceedings against the Deputy Chief of the Federal Tax Service Inspectorate for the Kirov district of Samara, Vyacheslav Kozhina, for obstruction of the legitimate business of a Nestle company.
IMF Paper Advises On Fiscal Support Exit Strategies
Thursday, February 25, 2010
A new report from the International Monetary Fund has analyzed the ramifications
of removing stimulus from the globe's economies, and has recommended stimulus
exit strategies depending on individual situations. In general, the Fund
has recommended that faster growing emerging market economies should begin fiscal
consolidation immediately, while advanced economies, in general, should wait.
Russian Tax Authority Mishandles Payment Terminal Registration
Friday, February 19, 2010
Automatic payment terminals in Russia could be brought to a halt in April, since the Russian Federal Tax Service is reaching crisis point in the registration process, which by law is supposed to be completed by April 1, 2010.
Russia Offers Tax Breaks On Social Infrastructure Investment
Wednesday, February 17, 2010
The Russian State Duma Committee on Budget and Taxes has recommended, and the lower house of parliament has adopted at first reading, a bill amending the Tax Code in respect of charging of investors for the development of social infrastructure.
Russia Explores More Private Sector Incentives
Tuesday, February 16, 2010
Russian Vice-Premier and Minister of Finance, Alexei Kudrin, has supported President Dmitry Medvedev's call for more innovation in the Russian private sector with further fiscal proposals to act as incentives. Medvedev had asked private companies to present proposals on innovative breakthroughs within two months.
Russian Ministry Of Finance Considers New Oil Tax Regime
Friday, February 05, 2010
Faced with a budget deficit rising from 5.9% to 6.8% of GDP in 2010, the Russian Ministry of Finance has set up a working group to report by March 1 on the affordability of zero export duties on oil from East Siberia and other means of incentivising development in the East.
Russia Features
- RUSSIA
AND OFFSHORE Russian
Version - By
Amanda Banks, London Where
does foreign investment come from? Where
does all that flight capital go to? Cyprus,
Malta, Gibraltar and other favourite
locations for investment into and out
of Russia.
- DOING
BUSINESS IN RUSSIA - By
Jeremy Hetherington-Gore, Moscow In
this article, we look at a variety of
issues relevant to expatriates living
and working in Russia, including immigration,
residence, travel, business practices
and negotiation.
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