• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Russia publishes plan to tax foreign tech, promote home-grown rivals

September 14, 2021 by David Barret Leave a Comment

September 14, 2021

MOSCOW (Reuters) – The Russian government published a plan on Tuesday to impose new taxes on foreign-owned digital services by November, part of a package of proposals Moscow says are aimed at supporting its domestic tech sector.

The proposed tax on foreign tech firms has been presented as part of an international effort to agree new global tax rules to better capture revenues generated by big tech firms known for shifting profits to low-tax jurisdictions.

Deputy Finance Minister Alexei Sazanov said earlier this year that large foreign digital companies providing services in Russia should be subject to profit taxes, and that Moscow was involved in discussions with the Paris-based Organisation for Economic Cooperation and Development (OECD).

But in Russia’s case, the move also comes amid a wider effort to strengthen control of the internet and promote domestic alternatives to the services offered by Silicon Valley.

Russia has been seeking to force foreign firms to open offices on its territory and store Russians’ personal data there.

Other measures that already came into effect this year included a series of tax cuts for domestic IT firms. A subsequent law required smartphones, computers and other devices purchased in Russia to offer users pre-installed Russian software.

Tuesday’s package of additional measures seeks to increase demand for domestic technology and accelerate the digital transformation of parts of the economy, the government said in a statement.

(Reporting by Alexander Marrow; Editing by Peter Graff)

Source Link Russia publishes plan to tax foreign tech, promote home-grown rivals

David Barret
David Barret

Related posts:

  1. US Health Officials Favor Covid Booster Shots To All Americans As Delta Variant Cases Rise
  2. Russian editor decries ‘destruction of media’ before election
  3. Daimler expects Mercedes Q3 sales significantly below Q2 – report
  4. Motor racing-Bottas rules out imminent announcement on his F1 future

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Finally, A Successful Starship Launch – What This Means For The Moon Landings
  • 26 Years After Launch, The ISS Will Try A New Way To Stay In Orbit Next Month
  • The World Map As You Know It Is Misleading – Now Africa Wants To Change That
  • “It’s Totally Wacky”: Oldest Known Ankylosaur Had A Kind Of Armor Never Seen In Any Vertebrate – Living Or Extinct
  • “Lost City Of The Amazon” Wasn’t Destroyed By A Volcano After All
  • Why Do Hammerhead Sharks Have A Hammerhead?
  • Neanderthals In Iberia Had Funerary Practices – They’re Just Not What We Expected
  • Monochrome Rainbows: In The Right Circumstances, Rainbows Can Look Very Strange Indeed
  • Shark Teeth Are Losing Their Bite As Ocean Acidification Takes Hold
  • Wasp “Riding A Broomstick” Among Fantastic Finalists Of Wildlife Photographer Of The Year
  • Long-Lost Sailback Houndshark Not Seen Since 1973 Rediscovered In Papua New Guinea
  • How Do You Age A Gas Giant? Jupiter’s Age Revealed By “Molten Rock Raindrops”
  • JWST Observes Interstellar Comet 3I/ATLAS: “One Of The Most Unusual Comets Ever Seen”
  • A Woman Injected Crushed Black Widow To Get High, And It Was A Very Bad Trip
  • Man With 31-Year History Of Depression Feels “Overwhelming Joy” After Experimental Brain Stimulation
  • The Pythagorean Theorem Predates Pythagoras By 1,000 Years: “The Proof Is Carved Into Clay”
  • Asteroid Bennu Is A “Frankenstein’s Monster” Of Material From The Inner Solar System, Outer, And Beyond
  • Canada Is Home To The World’s First Official UFO Landing Pad
  • Path Of Hurricane Erin, One Of The Fastest-Strengthening Storms On Record, Captured In Dramatic Satellite Images
  • What Did Ancient People Think When They Found Fossils?
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version