| 28 February 2024, Wednesday |

Putin Tasks Cabinet With Studying US Initiative to Increase Taxes on Int’l Corporations

Russian President Vladimir Putin will task Prime Minister Mikhail Mishustin with studying the US initiative aimed at increasing taxes on international corporations, from the point of view of protecting Russia’s national interests.

At a videoconference on Thursday, Putin asked Daniil Egorov, the head of the Russian Federal Taxation Service, about his opinion on the US initiative to increase taxes.

“I draw your attention to it. Of course, I will ask the head of government and your colleagues from the economic bloc to study it thoroughly and take our national interests into consideration,” Putin said.

Earlier this month, US President Joe Biden and leaders of the G7 member states endorsed a global minimum corporate tax of at least 15% as part of a broader agreement to update international tax laws for a globalized, digital economy.

  • Sputnik