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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!