Controlled foreign companies of Russian residents in the context of world trends

The subject of this article is financial relations of the state and its tax residents with foreign assets (stock), as well as control over such companies through various legal mechanisms. The authors examined the main global trends in the development of legislation on controlled foreign corporations...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Evgenia E. Frolova, Ekaterina A. Tsepova
Formato:	article
Lenguaje:	EN RU
Publicado:	Peoples’ Friendship University of Russia (RUDN University) 2021
Materias:	controlled foreign corporation cfc resident tax transparency crs crs mcaa cbc mcaa overseas assets tax liabilities Law K
Acceso en línea:	https://doaj.org/article/779e14c4de614a41894528bad7ba3c3f
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:779e14c4de614a41894528bad7ba3c3f
record_format	dspace
spelling	oai:doaj.org-article:779e14c4de614a41894528bad7ba3c3f2021-11-26T15:41:02ZControlled foreign companies of Russian residents in the context of world trends2313-23372408-900110.22363/2313-2337-2021-25-4-814-830https://doaj.org/article/779e14c4de614a41894528bad7ba3c3f2021-12-01T00:00:00Zhttp://journals.rudn.ru/law/article/viewFile/29512/20020https://doaj.org/toc/2313-2337https://doaj.org/toc/2408-9001The subject of this article is financial relations of the state and its tax residents with foreign assets (stock), as well as control over such companies through various legal mechanisms. The authors examined the main global trends in the development of legislation on controlled foreign corporations, as well as characteristics of tax systems that may contribute to such norms introduction. It was found that implementation of international multilateral agreements such as CRS MCAA and CBC MCAA in the field of tax control enhances development of anti-offshore regulation, including legislation on controlled foreign corporations. Particular attention is paid to the comparative legal analysis of the controlled foreign companies (CFC) rules in 15 jurisdictions, including the Russian Federation and identification of similar and specific rules. As a result of the research, the authors came to the conclusion that Russia is following the world trends, although at this stage it is not the country that forms them. In the future, to successfully apply the CFC legislation in the Russian Federation, it will be necessary to improve the existing norms , increase the efficiency of tax administration and improve the legal status of taxpayers.Evgenia E. FrolovaEkaterina A. TsepovaPeoples’ Friendship University of Russia (RUDN University)articlecontrolled foreign corporationcfcresidenttax transparencycrscrs mcaacbc mcaaoverseas assetstax liabilitiesLawKENRURUDN Journal of Law, Vol 25, Iss 4, Pp 814-830 (2021)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	controlled foreign corporation cfc resident tax transparency crs crs mcaa cbc mcaa overseas assets tax liabilities Law K
spellingShingle	controlled foreign corporation cfc resident tax transparency crs crs mcaa cbc mcaa overseas assets tax liabilities Law K Evgenia E. Frolova Ekaterina A. Tsepova Controlled foreign companies of Russian residents in the context of world trends
description	The subject of this article is financial relations of the state and its tax residents with foreign assets (stock), as well as control over such companies through various legal mechanisms. The authors examined the main global trends in the development of legislation on controlled foreign corporations, as well as characteristics of tax systems that may contribute to such norms introduction. It was found that implementation of international multilateral agreements such as CRS MCAA and CBC MCAA in the field of tax control enhances development of anti-offshore regulation, including legislation on controlled foreign corporations. Particular attention is paid to the comparative legal analysis of the controlled foreign companies (CFC) rules in 15 jurisdictions, including the Russian Federation and identification of similar and specific rules. As a result of the research, the authors came to the conclusion that Russia is following the world trends, although at this stage it is not the country that forms them. In the future, to successfully apply the CFC legislation in the Russian Federation, it will be necessary to improve the existing norms , increase the efficiency of tax administration and improve the legal status of taxpayers.
format	article
author	Evgenia E. Frolova Ekaterina A. Tsepova
author_facet	Evgenia E. Frolova Ekaterina A. Tsepova
author_sort	Evgenia E. Frolova
title	Controlled foreign companies of Russian residents in the context of world trends
title_short	Controlled foreign companies of Russian residents in the context of world trends
title_full	Controlled foreign companies of Russian residents in the context of world trends
title_fullStr	Controlled foreign companies of Russian residents in the context of world trends
title_full_unstemmed	Controlled foreign companies of Russian residents in the context of world trends
title_sort	controlled foreign companies of russian residents in the context of world trends
publisher	Peoples’ Friendship University of Russia (RUDN University)
publishDate	2021
url	https://doaj.org/article/779e14c4de614a41894528bad7ba3c3f
work_keys_str_mv	AT evgeniaefrolova controlledforeigncompaniesofrussianresidentsinthecontextofworldtrends AT ekaterinaatsepova controlledforeigncompaniesofrussianresidentsinthecontextofworldtrends
_version_	1718409298966478848

Controlled foreign companies of Russian residents in the context of world trends

Ejemplares similares