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Moscow okays law to clamp down on offshore tax shelters

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Published Sun, Oct 26, 2014 · 09:50 PM

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Moscow

RUSSIA'S government has approved a new tax law to clamp down on Russian companies and individuals using offshore tax shelters.

The law is part of a range of measures initiated by President Vladimir Putin, and collectively known as "deoffshorisation", which are aimed at bringing Russian businesses and money home from foreign jurisdictions.

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