Media & Resources
Criminal liability may be introduced for tax evasion through offshore schemes and shell companies.
DATE: November 25, 2014 | AUTHOR: atlawyers
21.11.2014 a bill establishing criminal liability for tax evasion using entities established through ‘front persons’, or non- or misreporting information on controlled foreign companies or controlled transactions was passed in the first reading in the State Duma. The Bill proposes imprisonment for up to six years as maximum punishment.