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Western Investment daughters came under suspicion

The Office of Tax Crimes Metropolitan Police is conducting an investigation in respect of a number of Russian companies involved with the Hermitage Capital Investment. As

writes newspaper “Kommersant, the company raised the interest of investigators who, with considerable profit, sending it to its founders – offshore companies registered in Cyprus.

These companies, taking advantage of the agreement between Russia and Cyprus on avoidance of double taxation, to pay profits tax at a rate of 5%. Meanwhile, the assessment of law enforcement bodies, tax rate should be 15%.

Market participants are convinced that the cause of Hermitage – start stripping “gray” schemes buy shares of Gazprom, which participated in the implementation of major Russian and Western investment companies.