The program of the second day of the Moscow Financial Forum on September 7 will include a session titled "International Taxation under External Restrictions and Global Data Exchange: Deoffshorization Enforcement".

Global external challenges have forced taxpayers to resort increasingly to various legal and semi-legal tax optimization methods, including the use of a variety of international tax instruments.

2015 saw the introduction of a wide range of deoffshorization amendments aimed at creating an effective mechanism that would prevent such tax optimization. At the same time, tax amnesty has enabled businesses to repatriate their foreign assets to Russia and obtain a tax exemption without the risk of liability.

Moreover, after the adoption of international data exchange standards in 2018, Russian tax authorities will gain access to information on overseas assets, which will enable them to counteract profit shifting from Russia more efficiently.

The participants of the session will analyze what impact these measures will have on doing business in Russia, whether deoffshorization and tax amnesty were a step in the right direction enabling many companies to repatriate their assets to the Russian jurisdiction, and whether aggressive tax optimization will be countered.
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