Tag: Offshore
Case over TOAZ assets fraud in the Makhlais interests forwarded to prosecutors
The Main Directorate on Major Crimes Investigation of Russia’s Investigative Committee has completed a probe into a criminal case against Xenia Balashova, the CEO of “Kontaz LLC”. Balashova stands charged with evasion of the profit tax for year 2008 (p.p. a, b of Article 199.2 of the Criminal Code of the Russian Federation). Earlier, Balashova pleaded guilty to the crimes charged declaring she acted under direct instructions of Vladimir Makhlai.
Mikhail Kazantsev: capital amnesty is an outreach to the business community
Russia’s law broadly known as the “Capital Amnesty Law” - was adopted on June 8. Under the amnesty, taxpayers are able to declare their foreign assets by filing a special declaration with Russia’s tax authorities. Meanwhile, the state guarantees a waiver of tax proceedings related to the assets declared. Mikhail Kazantsev, a partner at Egorov, Puginsky, Afanasiev & Partners, spoke with RAPSI about what had come out of it and how it might operate in practice.