New tax amnesty in Russia

click fraud protection

constant shortage of funds in the country to support and develop the business, continuous outflow of capital forces the state to again consider such a possibility, as the tax amnesty.There is no doubt that entrepreneurs believe that no penalties, and that the need to explain to disappear, where did revenues.

amnesty in Russia: a view of the authorities

spring of this year, German Gref announced a proposal that will bring billions of dollars in capital from offshore.This message was supported by the President of the Savings Bank, and Deputy Prime Minister Shuvalov.He said that with this initiative, the bankers tax amnesty will be considered by the Government, despite the fact that the results of the past was low.A similar program already carried out in 2007.Economic amnesty affected capitals that were actually inside the country.Because of this, the volume of funds received appeared slim.The government did not specify in what format and under what conditions will be carried out tax amnesty, but the essence of the procedure involves the free declaration of cash without the need to specify their source.One-time with all the specified amount will be charged income tax.Further funds can be used legally.

Tax amnesty: predictors of

The need for amnesty occurs in a situation where the state's economy in need of funding.At the end of the 1st quarter there was a decrease of GDP of the country "took" about 25 billion dollars, that is almost one third of the volume of last year.Changes in the situation are planned using deofshorizatsii.To do this, worked out a set of measures for the quality of work in the judicial system, changes in corporate law and others. We also consider the issue of banning the use of foreign exchanges for the implementation of the program of privatization of state assets.These processes will take a long time if not face problems at an early stage of development.Tax amnesty is calculated as a power, it will help to get a quick, almost instant results.But entrepreneurs are in no hurry to withdraw their capital from offshore and rather skeptical about such proposals of the Government.This measure - only the initial stage of the stimulation of foreign accounts holders to increase their "transparency".

When you need to hold a tax amnesty?

Many financial experts believe that such a proposal in time.To encourage the return of capital should have before.While economic difficulties such measures are not always successful.Authorities need cash, and it's pretty obvious.In moments of economic recovery situation is improving - The government has the opportunity to declare that a return of capital will be free of charge, what attraction to achieve this procedure, a larger number of owners of offshore accounts.Announcement of the tax amnesty during stagnation suggests that the state is not enough money on the part of the return of capital, it will certainly apply.One of the main obstacles in the implementation of the tax amnesty - this is retribution procedure.It is the experience of this program in 2007.