Russia publishes plan to tax foreign tech, promote home-grown rivals


FILE PHOTO: A national flag flies over the Russian White House, headquarters of the federal government, in Moscow, Russia, April 22, 2016. REUTERS/Maxim Zmeyev

MOSCOW (Reuters) - The Russian government published a plan on Tuesday to impose new taxes on foreign-owned digital services by November, part of a package of proposals Moscow says are aimed at supporting its domestic tech sector.

The proposed tax on foreign tech firms has been presented as part of an international effort to agree new global tax rules to better capture revenues generated by big tech firms known for shifting profits to low-tax jurisdictions.

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