Ministry of Finance: under the current Constitution offshore in the Far East is useless
Offshore in Russia will not be interested in the business without English law and the regime of hiding information about the beneficiaries, the director of the Department of Tax and Customs Tariff Policy of the Ministry of Finance Ilya Trunin.
"In all the initial stages of the offshore jurisdiction in which they had an undeniable advantage regime secrets" - Said Trunin agency "Prime", explaining that it was a cover-up of information about the owners of capital. "But the world together the last five years has been fighting with it, and we take part in it as members of the" twenty " , - He added.
Russian Prime Minister Dmitry Medvedev, previously offered to create their offshoring on Russian Far East.
"Medvedev did not offer anything concrete, he offered to make" your Cyprus ", - Said Trunin. Thus, he said, no specific proposals can not be assessed the initiative of Prime Minister in full.
Speaking about the theoretical possibility of creating offshore in Russia, Trunin noted that it needs to be installed on a site other jurisdiction and other tax system. "The advantage of Cyprus is that there is English law," - Reminded Trunin. "But it is - a change in the Constitution" - He said, referring to the possibility of creating a separate area with a different jurisdiction within Russia.
Without solving these problems, according to Trunina, low-tax jurisdiction will be uninteresting. "We have them (taxes) low on their own in comparison with other countries," - He said. In particular, a Finance Ministry official said that corporate tax in Cyprus is comparable with the Russian and UK taxes even higher.
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