Putin about Russia's proposals to encourage business to repatriate capital

Putin about Russia's proposals to encourage business to repatriate capital

Russian President Vladimir Putin said that Russia had more proposals to encourage business to repatriate capital from abroad, 

Putin supported the extension of the capital amnesty and tax benefits for entrepreneurs transferring their business to Russia from abroad.

"I have two proposals that I have not yet made public before. The first is to extend the term of the capital amnesty, taking into consideration external restrictions that do not diminish but, to all appearances, have a building-up trend," TASS cited President Putin as saying.

The second proposal is "to exempt business representatives closing this business abroad and transferring it to the Russian Federation from paying 13% of taxes," he said.

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