By Reuters Staff
3 Min Read
MOSCOW, Feb 10 (Reuters) - Russia is ready to amend legislation to encourage an influx of foreign investors to its stock exchanges, Anatoly Aksakov, head of the financial committee in the lower house of parliament, said on Wednesday.
Russia has for years sought to promote Moscow as a global financial centre but geopolitical tensions with the West that led to economic sanctions and soured bilateral relations have seriously hampered that ambitious goal.
Russian brokerages say Moscow needs to ease taxation rules and lower profit tax for non-residents who buy shares traded in Russia. The tax currently stands at 30%.