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Russia Targeting Tax Treaties with H.K., Singapore, Switzerland

May 11, 2021, 5:45 PM

Moscow wants to change tax agreements with three more jurisdictions, State Secretary Deputy Finance Minister Alexey Sazanov said Tuesday after Russian legislators endorsed ending their treaty with the Netherlands.

“We still have three key jurisdictions: Switzerland, Hong Kong, Singapore,” Sazanov told the state Duma.

“For them, we will also propose amendments to the agreements,” he said. “This will cover more than 90% of payments in transit jurisdictions and additionally replenish the Treasury of the Russian Federation.”

The State Duma, the lower house of Parliament, voted Tuesday to back a denunciation of the Russia-Netherlands tax treaty, officials say, because ...