World Economy

Russia Govt Supports Bill

Russia Govt Supports BillRussia Govt Supports Bill

The Russian government has supported a bill on de-offshorization, says a report posted on the website of the Cabinet of Ministers on Saturday. The bill was initiated by parliamentarians from different factions on October 22 and is aimed at creating an efficient mechanism that would impede the use of low-tax jurisdiction aimed at getting undue preferences and preferential tax terms, Itar-tass reported.