On 28 November 2016, Russia published Order No. MMB-7-17/527, which approves the revised list of jurisdictions that do not have adequate tax information exchange with Russia. The main impact of the list is in relation to the Russian tax exemption for controlled foreign company (CFC) profits, which is not available if a CFC is located in a listed jurisdiction.
Changes in the list include the addition of South Korea and the removal of Aruba, Bermuda, the Cayman Islands, Estonia, Georgia, Hon…