26/12/2017 |

The President proposed to extend the amnesty of the capital

Vladimir Putin

President Vladimir Putin spoke in favor of extending the amnesty program for capital and proposed to release entrepreneurs who liquidate their firms abroad and transfer them to Russia from tax payments of 13 percent. The head of state said this at a meeting with the leadership of the chambers of the Federal Assembly, voicing initiatives to support Russian business.

“The first is to extend the term of capital amnesty, referring to those external constraints that do not become smaller, but, on the contrary, appear to have a tendency to increase,” TASS quoted Putin as saying.

The second proposal is to free businessmen who are moving to their homeland from paying a 13 percent tax. According to the president, this can serve as an additional incentive for the transfer of capital to Russia.

“We will continue to work in this direction,” Putin concluded.

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