De-offshorization as a Factor of Development of the National Economy

The article shows that the concept of "de-offshorization" is interpreted in the economic literature. On the one hand, de-offshorization is seen as a fight against offshore or tightening control over operations in offshore areas, and on the other as facilitating business environment and as...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	G. S. Panova, I. B. Turuev, I. Z. Yarygina
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2014
Materias:	offshore de-offshorization export of capital transparency of offshore operations International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/0264b2013c6d4217a1d8e396a1762fb9
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:0264b2013c6d4217a1d8e396a1762fb9
record_format	dspace
spelling	oai:doaj.org-article:0264b2013c6d4217a1d8e396a1762fb92021-11-23T14:50:56ZDe-offshorization as a Factor of Development of the National Economy2071-81602541-909910.24833/2071-8160-2014-2-35-102-112https://doaj.org/article/0264b2013c6d4217a1d8e396a1762fb92014-04-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/68https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099The article shows that the concept of "de-offshorization" is interpreted in the economic literature. On the one hand, de-offshorization is seen as a fight against offshore or tightening control over operations in offshore areas, and on the other as facilitating business environment and as a factor of development of the national economy. However, these approaches are not contrary to the understanding of the de-offshorization as a State policy aimed at improving the tax, legislative, enforcement and information sphere of activity of economic entities to reduce capital flight and repatriation. The analysis of the objectives and characteristics of the formation of offshore zones in the world and it is concluded that in general the offshore zone, favorable tax to optimize international economic cooperation, including trade and entrepreneurship. The article stresses that Russia currently has two approaches, the adherents of which have opposing views on combat offshore. Some consider that the need to impose a ban on business that manages the Russian business from foreign jurisdictions and prints there. Others are convinced that first of all it is necessary to improve the conditions for business in Russia, and then to demand the return of money. The authors offer a comprehensive solution to the problem of de-offshorization of the economy, which, in their view, should include not only economic, but also political, institutional, legal, fiscal and administrative components. In General, to ensure a stable, clear, transparent and objective rules of business in all sectors, to make the illegal withdrawal of capital/assets in offshore areas has a reputation and uneconomical. To this end, to take practical measures aimed at improving the transparency of the offshore business. In particular, the promising directions of the de-offshorization the Russian economy with international experience are defined: development and improvement of the financial, fiscal, institutional and legal and administrative spheres in order to attract foreign investment in the Russian Federation; minimization of offshore operations of business entities with State participation; optimization of the Bank of Russia activities as megaregulator of financial markets in Russia; expansion of Bank activities with Russian participation abroad to ensure the economic needs of business entities.G. S. PanovaI. B. TuruevI. Z. YaryginaMGIMO University Pressarticleoffshorede-offshorizationexport of capitaltransparency of offshore operationsInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 2(35), Pp 102-112 (2014)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	offshore de-offshorization export of capital transparency of offshore operations International relations JZ2-6530
spellingShingle	offshore de-offshorization export of capital transparency of offshore operations International relations JZ2-6530 G. S. Panova I. B. Turuev I. Z. Yarygina De-offshorization as a Factor of Development of the National Economy
description	The article shows that the concept of "de-offshorization" is interpreted in the economic literature. On the one hand, de-offshorization is seen as a fight against offshore or tightening control over operations in offshore areas, and on the other as facilitating business environment and as a factor of development of the national economy. However, these approaches are not contrary to the understanding of the de-offshorization as a State policy aimed at improving the tax, legislative, enforcement and information sphere of activity of economic entities to reduce capital flight and repatriation. The analysis of the objectives and characteristics of the formation of offshore zones in the world and it is concluded that in general the offshore zone, favorable tax to optimize international economic cooperation, including trade and entrepreneurship. The article stresses that Russia currently has two approaches, the adherents of which have opposing views on combat offshore. Some consider that the need to impose a ban on business that manages the Russian business from foreign jurisdictions and prints there. Others are convinced that first of all it is necessary to improve the conditions for business in Russia, and then to demand the return of money. The authors offer a comprehensive solution to the problem of de-offshorization of the economy, which, in their view, should include not only economic, but also political, institutional, legal, fiscal and administrative components. In General, to ensure a stable, clear, transparent and objective rules of business in all sectors, to make the illegal withdrawal of capital/assets in offshore areas has a reputation and uneconomical. To this end, to take practical measures aimed at improving the transparency of the offshore business. In particular, the promising directions of the de-offshorization the Russian economy with international experience are defined: development and improvement of the financial, fiscal, institutional and legal and administrative spheres in order to attract foreign investment in the Russian Federation; minimization of offshore operations of business entities with State participation; optimization of the Bank of Russia activities as megaregulator of financial markets in Russia; expansion of Bank activities with Russian participation abroad to ensure the economic needs of business entities.
format	article
author	G. S. Panova I. B. Turuev I. Z. Yarygina
author_facet	G. S. Panova I. B. Turuev I. Z. Yarygina
author_sort	G. S. Panova
title	De-offshorization as a Factor of Development of the National Economy
title_short	De-offshorization as a Factor of Development of the National Economy
title_full	De-offshorization as a Factor of Development of the National Economy
title_fullStr	De-offshorization as a Factor of Development of the National Economy
title_full_unstemmed	De-offshorization as a Factor of Development of the National Economy
title_sort	de-offshorization as a factor of development of the national economy
publisher	MGIMO University Press
publishDate	2014
url	https://doaj.org/article/0264b2013c6d4217a1d8e396a1762fb9
work_keys_str_mv	AT gspanova deoffshorizationasafactorofdevelopmentofthenationaleconomy AT ibturuev deoffshorizationasafactorofdevelopmentofthenationaleconomy AT izyarygina deoffshorizationasafactorofdevelopmentofthenationaleconomy
_version_	1718416315784364032

De-offshorization as a Factor of Development of the National Economy

Ejemplares similares