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Russia proposes changing tax agreement with Netherlands, eyes dividend tax

Christian Fernsby |
Russia’s finance ministry proposed revising its bilateral tax agreement with the Netherlands, as Moscow looks to increase tax revenues on capital outflows.

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President Vladimir Putin in March proposed a tax on all interest and dividend payments leaving Russia, to combat capital outflows, starting next January.

He warned that Russia would unilaterally withdraw from agreements with foreign partners who did not accept its suggestions.

A vast network of bilateral tax treaties around the globe has made the Netherlands a key hub for corporate entities shifting profits to lower tax jurisdictions for years and several Russian companies are registered in the Netherlands.

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