As previously reported, Russia is planning several tax measures to be introduced in 2021, including an increased 15% tax rate on high-income individuals and reduced 3% tax rate on Russian IT companies. Further to these measures, Russia is also reportedly planning the introduction of a fixed tax on controlled foreign company (CFC) income to promote the development of foreign business activities. As proposed, Russian taxpayers would be allowed to pay a fixed tax of RUB 5 million for their CFC i…