Law to improve profit taxation for controlled foreign companies 2015-06-08 16:50:00 Vladimir Putin signed Federal Law On Amending Parts 1 and 2 of the Tax Code of the Russian Federation and Article 3 of Federal Law On Amending Parts 1 and 2 of the Tax Code of the Russian Federation (regarding the taxation of profits of controlled foreign companies and profits of foreign organisations). The Federal Law improves the procedure of profit taxation for controlled foreign companies.