An offshore zone is new business opportunities or a place of diversion of national capital?
An offshore zone is a country, a city, an area within which foreign companies can make financial transactions with non-residents (other foreign companies) without state intervention.
For states that create preferential termsforeign business, offshore zone is a measure caused by the need to invest in their budget. This industry began to emerge with the emergence of independent states, with a lack of capital in them. To attract money offshore began to offer foreign companies to register their business and receive tax and other benefits.
The offshore zone is an attractive area formany companies. First of all, the fact that its territory is offered a fairly loyal package for paying taxes, there is no control over currency transactions, it is possible to have accounts in several countries and conduct transactions in any currency, and to keep accounts in foreign currency. Due to the benefits provided to the offshore countries, a wave of wishing to withdraw their companies. Experts argue that it is difficult to calculate the exact number of withdrawn companies because of the anonymity of the business, but they are definitely more than 1 million. The list of offshore zones is quite large. But mostly companies are exported to Panama, the British Virgin Islands and Ireland.
The income is composed of the taxes paid,registration, re-registration, rent of a premise in a zone of constant representations of creations of secretaries' bureaus. The peculiarity is that offshore companies can offer employment to the population, create vacant places for local residents. Countries of the offshore zone, as a rule, are states with a low development of domestic production, receiving the bulk of the budgetary income from non-residents (foreigners).
In Russia, there are practically no offshore zones. After the abolition of the investment profit tax privilege in 2004, domestic off-shores (Yakutia, Kalmykia, etc.) were abolished. The only remaining offshore zone is the Kaliningrad region, which accepts exclusively residents from special zones.
Nowadays Russia occupies one of the first placesto withdraw money outside the country, but does not create offshore zones. If we talk about Great Britain, where the main outflow of money goes, the leadership of the country understands that for today it is necessary to fight offshore zones, but, unfortunately, can not take drastic measures, since offshore have become part of the UK economy.
Today, offshore companies are not only used foroptimization of taxes, but also in order to hide the true owners. In Russia, a bill is being considered that will identify the true owners of foreign companies so that they can be brought to criminal or administrative responsibility. Recently, many countries are already struggling with offshore zones, but measures are very rarely used to find the ultimate beneficiary. Financial organizations really value their reputation, therefore they will not disclose information about their customers.
Experts believe that the fight against property ownerswill not lead to anything good, it will be possible to achieve that foreign companies will start to withdraw their investments from the country, this will not have a very good effect on the economy. And that's why they advise us to come up with something alternative to offshore companies.