Putin proposes all-out offshore capital amnesty, if money returns to Russia

MOSCOW, December 4. /TASS/. Russian President Vladimir Putin proposed on Thursday an all-out amnesty for offshore capital, if money returned to the country. “I propose carrying out full amnesty of capital returning to Russia, precisely an all-out amnesty,” Putin said in his state of the nation address. “And, of course, we need to explain to people who should take corresponding decisions what full amnesty means,” Putin said. “This means that if an individual legalizes his funds and property in Russia, he will receive firm and legal guarantees that he will not be summoned to various bodies, including law-enforcement agencies, will not be ‘questioned’ there and will not be asked about the sources and the methods of gaining capital and he will not be faced with criminal or administrative prosecution while tax and law-enforcement agencies will not have questions about him,” Putin said. “Let’s do this but only once,” Putin said, recommending all persons wishing to come to Russia to do this. Read more