Russia's Minfin backs economic whitening norms in tax amendments

Russia's Finance Ministry is ready to add legal norms on economic whitening to the government's Tax Code amendments submitted with the budget package, as proposed by State Duma Budget Committee chairman Andrey Makarov. This signals a potential shift toward formalizing informal economic activity, though details and scope remain unclear. The move could affect fiscal revenues and business compliance, but its market impact is limited at this stage.

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