"This step is related to the announcement by President Vladimir Putin of pursuing the de-offshorization of the Russian economy and the introduction to tax code clauses related to taxation of profits of foreign companies," USM Holdings said in a statement Friday.
On Thursday, the President reaffirmed his commitment to de - offshorization during his annual Q&A session with journalists. His stressed that his first goal was to legalize the money rather then add more money to the budget .... http://rt.com/business