Offshore schemes as an effective tax planning tool of enterprises’ innovative activities

Economic Annals-ХХI: Volume 153, Issue 7-8(2), Pages: 40-43

Citation information:
Nechaev, A., Antipina, O., Matveeva, M., & Prokopeva, A. (2015). Offshore schemes as an effective tax planning tool of enterprises’ innovative activities. Economic Annals-XXI, 7-8(2), 40-43. https://ea21journal.world/index.php/ea-v153-10/

Andrey Nechaev
D.Sc. (Economics),
Professor,
Irkutsk National Research Technical University
83 Lermontov Str., Irkutsk, 664074, Russia
n-a-s@mail.ru

Oksana Antipina
PhD (Economics),
Irkutsk National Research Technical University
83 Lermontov Str., Irkutsk, 664074, Russia
antipina_oksana@mail.ru

Marya Matveeva
PhD (Economics),
Irkutsk National Research Technical University
83 Lermontov Str., Irkutsk, 664074, Russia
expertiza@istu.edu

Anna Prokopeva
PhD (Economics),
Irkutsk State Agrarian University named after A. A. Ezhevsky
Molodezhnyi settlement, Irkutsk region, 664038, Russia
anna1900000@mail.ru

Offshore schemes as an effective tax planning tool of enterprises’ innovative activities

Abstract. The authors explore basic tax planning tools and offshore companies use as one of the most popular methods of tax planning. The analysis of the effectiveness of the tools used to stimulate the activities of enterprises is based at economic literature review and statistical data. The authors have studied the main offshore schemes which are used in the modern world and consider offshore being effective means of tax planning. The choice of an offshore zone and offshore schemes depends primarily on the challenges that face a company. The authors have provided recommendations on further promotion of innovative activity of economic entities applying tax instruments.

Keywords: Tax Planning Tools; Taxation; Tax Regimes; Offshore; Innovative Activity

JEL Classification: H20

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Received 10.09.2015