Russia is eyeing creating a free tax zone in the Kuril Islands, located in Russia’s Far East region next to the Kamchatka Peninsula, the country’s Deputy Prime Minister Yuri Trutnev said in an interview with RBC newspaper. “This is practically an offshore [zone]. That is, there will be almost no taxes left in the Kuril Islands,” he revealed, adding that the businesses and people who will carry out investment and commercial activities on the islands won’t have to pay taxes either. The exact figures of the fees that are to remain are still being discussed, Trutnev noted. Also on rt.com
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