Putin Signs Decree Suspending Double-Taxation Treaties With 'Unfriendly' Countries

Russian President Vladimir Putin has signed a decree suspending double-taxation treaties with more than 30 countries that Russia has deemed "unfriendly." The decree, published on August 8, affects double-taxation agreements with the United States, several EU states, Britain, South Korea, Australia, Japan, and others. Moscow cited the need for "urgent measures" in connection with the "unfriendly actions" of some countries against Russian citizens and legal entities. Double-taxation treaties allow legal entities and individuals who are tax residents of one country but receive income in another to pay tax in just one country. To read the original story by RFE/RL's Russian Service, click here.