Template-Type: ReDIF-Article 1.0
Author-Name: Maxim A. Kotlyarov
Author-Email: kotlyar2005@list.ru
Author-Workplace-Name: Financial Research Institute, Moscow 127006, Russia
Author-Name: Inna N. Rycova
Author-Email: rycova@yandex.ru
Author-Workplace-Name: Financial Research Institute, Moscow 127006, Russia
Title: Prevention of Tax Base Shifting to Low-tax Jurisdictions:OECD Experience and Priorities for Russia
Abstract: OECD’s experience in combatting tax evasion through utilization of low-tax jurisdictions is examined in this article. Two periods are under consideration – creating of the mechanism of preventing harmful tax competition (1998-2011) and introducing Action Plan on Base Erosion and Profit Shifting (since 2013). This experience brings value to Russia, where campaign against use by taxpayers of low-tax jurisdictions is announced («deoffshorisation» of the Russian economy). The necessity of a deep methodological examination of amendments in Russian legislation concerning controlled foreign companies, transfer pricing, tax residency and beneficial ownership issues is emphasized in this article.
Classification-JEL:
Keywords: tax heaven, offshore, low-tax jurisdiction, harmful tax competition, controlled foreign companies, tax residency, OECD Action Plan on Base Erosion and Profit Shifting, «deoffshorisation»
Journal: Finansovyj žhurnal — Financial Journal
Pages: 47-54
Issue: 4
Year: 2014
Month: December
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2014/4/05.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:140405:p:47-54