Within the framework of the Moscow Financial Forum, the session " International Taxation Under External Restrictions and Global Data Exchange: Deoffshorization Enforcement" was held. The participants discussed whether the measures taken by the state were sufficient, and whether deofshorization was the right step.

According to Ilya Trunin, Deputy Minister of Finance of the Russian Federation, what is happening in the world today - sanctions, the speed of information exchange and much more - has changed the vector direction in the sphere of international taxation compared with 2012-2013.

"We do not even say that we are demanding the disclosure of Russian shareholders and entrepreneurs who, while creating a business abroad, prefer to hide behind some foreign layers. We are more likely that these layers began to be liquidated under the actions of the governments of other states, and we want this refund to be painless for taxpayers. In my opinion, those requirements and legislative norms that we established proved to be sufficient for this," stressed Ilya Trunin.

At the same time, the audience expressed concerns that today's costs associated with the administration of international taxation in the Russian Federation are excessive.

"The feeling of heavy work is due to the fact that we had no tools for administering taxation for 20 years," said Dmitry Volvach, Head of the Department for International Cooperation and Currency Control of Russia’s Federal Tax Service.

According to Dmitry Volvach, after two or three years of practice of the new block of regulatory requirements, it is possible to take a decision on reducing the administrative burden due to its inefficiency.

We recall that in 2015, a package of amendments was adopted on deofshorization. Russian entrepreneurs can transfer their foreign assets to the Russian Federation without taxation, without fear of being brought to justice. This mechanism is called an "amnesty of capital".


 

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