Russia Responds to the Trump Tax Reform

Russian President Vladimir Putin is also responding to the Trump Tax Reform. Putin has also taken a step to promote the repatriation of capital from abroad. He is now proposing that only a 13% tax on funds retrieved should be abolished. Additionally, he is proposing that there should once again be an amnesty for Russian companies that bring their cash home.

Russia introduced such immunity for past tax avoidance and foreign exchange offenses back in 2014 when the country faced massive capital outflows. That amnesty had been used very little proving to be ineffective. It expired in mid-2016.

Latest Posts

Market Talk – April 24, 2024

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 907.92 points or 2.42% to 38,460.08 Shanghai increased 22.84 points or 0.76% to 3,044.82 Hang [...]
Read more

The World’s Most Censored Democracy

?#Breaking A bishop and several worshippers have been attacked in another mass stabbing in Wakeley, Sydney Australia https://t.co/U1TMjIXqKE — Javeria Sultan (@javeria_sultan1) April 15, 2024 Australia is rapidly becoming the [...]
Read more

Banks Wage War on Gun Ownership

The government has successfully weaponized the banks against the people. Major banks are voluntarily sharing customers’ private transactions with the federal government “as part of a wildly overbroad financial surveillance [...]
Read more