Clifford Chance

Taxation of Eurobonds: Russian MinFin Proposes New Regime (English)

22 February 2012

Further to our client briefing ("Beneficial Ownership in the Context of Eurobond Transaction: New Reality?") this note discusses the proposals recently published by the Russian Ministry of Finance ("MinFin") in response to the market reaction to their intention to levy withholding tax on interest payments under Russian Eurobond structures.

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