The Traderszone Network

Published in TZ Latest News 5 May, 2014 by The TZ Newswire Staff

How Russia Inc. moves billions offshore

Two years ago, a Dutch law firm prepared a pitch in Moscow to Russian businesses: come to the Netherlands and we can help you avoid taxes and keep your assets safe. Russia’s biggest oil, gas, mining and retail companies — including some run by billionaires close to President Vladimir Putin — have moved tens of billions of corporate assets to the Netherlands and other European countries often used for tax avoidance and capital flight, such as Luxembourg, Cyprus, Switzerland and Ireland.

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