Russia Backs OECD Overhaul of Corporate Tax System: Ministry

Russia will benefit from the OECD’s reform of the global system of corporate taxes, though it’s not yet possible to calculate the exact impact, Deputy Finance Minister Alexei Sazanov says in interview.

• “There is no doubt that this is movement in the right direction,” he says of the Pillar One and Pillar Two changes
• “The Ministry of Finance and the Federal Tax Service take an active part in the drafts of documents, we defend the interests of the Russian side”
• Russia agrees that part of the tax base of large companies with revenues over 20 billion euros should fall into ...