Russia proposes denouncing tax agreement with Netherlands -draft document Energy Reuters Staff MOSCOW, Dec 4 (Reuters) - Russian lawmakers on Friday proposed denouncing a tax agreement with the Netherlands designed to avoid double taxation, according to a draft document on the Russian government website. In March, President Vladimir Putin suggested a tax be levied on interest and dividend payments leaving Russia, to combat capital outflows as the country battles low oil prices and the COVID-19 pandemic. In a separate statement on Friday, Russia’s finance ministry said it has proposed increasing the tax on dividends and interest for Russia-focused companies registered in Netherlands to 15%, but that the talks had failed.
By Reuters Staff
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MOSCOW, Dec 17 (Reuters) - Russian President Vladimir Putin on Thursday said Kirill Shamalov, his former son-in-law according to media reports, acquired shares in petrochemical giant Sibur as part of a management incentive programme.
A joint investigation by iStories and the Organised Crime and Corruption Reporting Project (OCCRP) reported earlier this month that Shamalov, who sits on Sibur’s board, had received a stake in the firm worth an estimated $380 million for just $100.
Shamalov, responding to a Reuters request for comment via his company Ladoga Management, said his participation in the programme was the same as for other top managers.