The Russian State Duma adopted an amnesty of capital – BBC Russian

Yuri Vendik BBC Russian Service

• 22 May 2015

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Russian business takes money abroad for the sake of their safety, and now the authorities claim that just Abroad they can take away, and at home – will not

The Russian State Duma adopted a law allowing the Russians who own assets abroad, free of charge to legalize . This amnesty announced in December, President Vladimir Putin. How many businessmen believe in it, the government does not know.

In the final version of the law “On the voluntary declaration of assets by individuals and accounts (deposits)”, which the State Duma adopted on Friday in the second and third readings, businessmen are exempt from liability for the eight articles of the Criminal Code, which spoken mainly about the tax and customs offenses.

For a law voted 344 deputies, one abstained, and 91 members of the Communist faction voted against.

” We have the power belongs to big capital. The law on amnesty of capital – a continuation of the liberal line in this series and the law of the so-called Rothenberg, and other laws. In a capitalist elite Russia a lot of people who are their money and property hidden abroad, “- explained the motives of the member of the Communist Valentin Romanov.

” … Putin and his policy of strengthening the bourgeois state and national security … we take, “- further Romanov few confused between the duty to support the president and the need to condemn his” power of big capital “.

Interpreters Putin

When Russian President Vladimir Putin in his message to the Federal Assembly last December, said the need to “turn the page offshore” and carry out the amnesty derived abroad Russian capital, the majority of the audience took it as a desire to return to the capital.

However, the ideology introduced by the Government in March, the bill “On the voluntary declaration of natural persons property and accounts (deposits)” was a bit different: the emphasis is on the legalization of foreign assets in exchange for forgiveness of tax and currency crimes related to the acquisition of these assets as well as to “synchronize” the process adopted in November by the law on controlled foreign companies.

“They ask how much you want to get this money? President replies at all! We do not set fiscal targets. State extends his hand and says to people: we do not want two or three years you become criminals, “- explained in the State Duma, presenting the bill, an MP from the” United Russia “and the lawyer Andrei Makarov. According to him, the law is designed including For example, in the “tutors” who have earned, but did not declare a lot of money and bought them “apartment in Bulgaria to carry vnuchonka to rest”.

Deputy Finance Minister Sergei Shatalov said bbcrussian.com, that Treasury no estimates how much capital and assets can be legalized and returned to Russia after the adoption of the Law “On the voluntary declaration of”. “We just want to give the business the opportunity to transfer assets if such a decision is made to them, and if not – then there will be a transparency “- said Shatalov.

According to the deputy minister, many businessmen say privately the Ministry of Finance that they are ready to legalize in Russia its” controlled foreign company “(CFC), but fear of questions from the tax authorities and law enforcement agencies about the origin invested in the company’s assets.

“We want to say to them: please, start from scratch and work, any sanctions will not” – said the deputy minister.

Hope for taxes KMC

The fiscal interest of the Russian state thus still there: it expects to collect taxes from CIC. According to the law of the CIC adopted late last year, the Russian residents will be able to claim they have such companies during the second half of this year, from June 15 on 31 December. By the beginning of this period and adopted the law “on the voluntary declaration”.

Before the second and third reading of the law thoroughly finalized: from it by agreement with the FATF excluded articles of the Criminal Code on fraud and affixed thereto a sample declaration and order fill it.

Many Russian businessmen and economists, despite all the promised legal guarantees skeptical amnesty in their opinion, the Russian state in its present form as a non-prosecution can guarantee and take them.

“I really, really would like to look at that extreme, which will take away their money from an offshore zone and translate them into Russian,” – said during the first reading of a member of the Communist Party faction Nina Hansa.

According to the project, in the period from 1 June to 31 December this year, the Russians may submit a declaration of assets, accounts, shares in companies outside the country, without making the budget any special benefits.

At the same time they are released persecution for eleven articles of the Administrative, the ten articles of the Criminal and six articles of the Tax Code. Legalization of assets does not imply their mandatory repatriation.