Attractiveness of Offshore Jurisdictions for Business in Current Realities

Authors

  • Ekaterina Yur’evna Trigub Financial University under the Government of the Russian Federation

DOI:

https://doi.org/10.24412.2072-8042-2023-1-83-91

Keywords:

offshore jurisdictions, multinational companies, preferential taxation, tax avoidance, reasons for using off shore jurisdictions, money laundering, legal entities, privacy

Abstract

The article aims to develop a classification of reasons for offshore jurisdictions used by companies. There are many causes of the popularity of offshore jurisdictions among legal entities, and they are individual for each actor. All legal reasons are designed to assist companies in conducting their business activities more efficiently. According to the author’s classification, all causes belong to one of three groups: general, internal, and additional. Major reasons are analyzed and distribution of motives for using offshore jurisdictions by Russian companies according to the proposed classification is carried out.

Author Biography

Ekaterina Yur’evna Trigub, Financial University under the Government of the Russian Federation

Place of work, post: Financial University under the Government of the Russian Federation, Faculty of International Economic Relations, Postgraduate Student

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Published

2024-01-25

How to Cite

Trigub, E. Y. (2024). Attractiveness of Offshore Jurisdictions for Business in Current Realities. Russian Foreign Economic Journal, (1), 83–91. https://doi.org/10.24412.2072-8042-2023-1-83-91

Issue

No. 1 (2023)

Section

Foreign trade activity