Russian capital outflow tax proposed by Putin advisor

Russian capital outflow tax: Sergei Glazyev, the Central Bank of Russia’s First Deputy Chairman and an adviser to President Vladimir Putin, yesterday suggested that a tax should be on imposed on money being moved abroad. His proposal comes as the Economic Development Ministry sharply raised its predictions for capital outflow this year to $120 billion on account of tensions over the situation in Ukraine and the weakening rouble. St Petersburg Times