Many international media summit of G 20, which took place in April 2009, was presented as a conference against offshore countries, described as the cause of all the problems of the world economy, along with frightening derivatized financial contracts (suschestvuyuschmi, by the way, since the 16th century). In fact, the situation is different.
At the summit of G 20 were developed and approved rules for the exchange of information between countries, and questions about the tax policies of certain countries and not addressed.
After the summit, OECD, Organisation for Economic Cooperation and Development (OECD), immediately issued a white, gray and black lists of countries.
The white list, ie the list of “good” countries are those states that have signed agreements on the exchange of information with other jurisdictions and they follow these principles. Some examples of countries in this list are Italy, China, Bermuda, Cyprus, Great Britain, Russia, Malta, Isle of Man, Seychelles, Luxembourg. the second category, or the gray list of countries that belong to the jurisdiction that seek sootvetsvovat standards vindicated on the G 20. Examples of this list are the classic offshore jurisdictions: Bahamas, Liechtenstein, Monaco, Panama, and “onshore” countries: Austria, Belgium , Singapore, Switzerland. In the black list, ie the club of “bad”, includes those countries that do not meet international standards for the exchange of information and segodneshny day there is not listed any one country. After the completion of the summit, the OECD included Uruguay, Costa Rica, and the Philippines Lyabuan black list, but after a few days, and these countries were included in the gray list.
Before the summit, G 20 OECD saw the world in black and white, there are only two countries in the list: black and white, and so the country was either”. good “(a small number of them ), or “bad” (the rest of the majority of countries). To date, all the” bad “in the past, are on their way” atonement. “
What should be done for the country to become a “good”, ie It was included in the white list? You must sign and ratify at least 12 agreements on exchange of information with other countries. Participants G 20 and the OECD do not like secrecy, and not the absence of taxes.
Everyone has the right to choose a place of residence and work in the country that is most suitable for personal use. It should be noted that many countries are not classic offshore jurisdictions such as the UK, New Zealand, Belgium, Malta, Denmark, etc., offer significant tax benefits in accordance with the law when used correctly structured companies to implement different ideas . The professional services of a qualified consultant there are opportunities to minimize taxes, and there is no need to shy away from them.
Naturally, it is possible to hide from the authorities in a country with which no agreement on the exchange of information … But this phenomenon is not a wise choice for two reasons: 1) it is illegal , and will be apparent immediately after the conclusion of a new agreement on the exchange of information in the future; 2) Effectiveness alternatives exist for optimization of taxes in full compliance with the laws.
In some countries, the exchange of information is automatic, that is, not necessarily to make a request for personal information to be disclosed to the authorities. An example of this kind of information sharing is an Englishman who is trying to optimize taxes by placing their capital on the island of Jersey, which, of course, is not a winning strategy.
The moral of the above – a life for a crime figures and illegal activists become increasingly complex, both perfected the international space for those who wish deystvovst by the rules and legally optimize taxes. The times when, perhaps, enough to buy a ready-made offshore company to avoid tax ended. On the Internet you can still find various websites offering ready-made offshore companies with price list, equivalent products in the supermarket. Often it is a banal fraud, or of dangerous sudden and short-term” experts “who want to earn a few thousand dollars without thinking about the consequences.
Definitely, the world of offshore and offshore businesses continue to exist and are in constant development. Absolutely actually pay less tax by legal means. It is necessary to develop a true international strategies may rely on the expertise of a qualified consultant.