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Putin says Russia should scrap profit tax on repatriated funds

MOSCOW, Dec 25 (Reuters) - Russia should scrap the 13 percent profit tax on funds repatriated to Russia from abroad and renew an amnesty from penalties for businesses returning capital, President Vladimir Putin said on Monday.

Amid huge capital outflows in 2014, deteriorating relations with western nations over the Ukraine conflict and weak oil prices, Moscow offered the amnesty for those returning capital to Russia. The amnesty expired in mid-2016. (Writing by Denis Pinchuk; editing by Andrew Roche)