Programme

ESTABLISHING GLOBAL FRAMEWORKS TO ADDRESS OFF-SHORE CORPORATE STRUCTURES: WHO STANDS TO BENEFIT?

Global Economy: New Challenges and Shifting Horizons
Panel Session
Mercedes Bar

Developed economies and international organizations alike have been battling against the use of offshore structures to avoid taxes. Recently the G-20\OECD economies have been seeking to better coordinate taxation and exchange of information, including through the anti-Base erosion and profits shifting (BEPS) initiatives. and bank regulation and institute international treaties to address the issue. Nevertheless, according to the United Nations, about 90 economies continue to promote offshore tax shelters. What measures are proving most effective in addressing the issue? How can business be incentivized to forgo the adoption of offshore schemes?

Moderator:
Bob Davis , Senior Editor, The Wall Street Journal

Panellists
Elena Bezdenezhnykh , Vice President, State Secretary, GR, Norilsk Nickel
Erik Berglof , Director of the Institute of Global Affairs, The London School of Economics and political Science (LSE)
Pavel Grachev , Chief Executive Officer, Polyus
Alexey Mordashov , Chairman of the Board of Directors, Severstal
Jay Nibbe , Member of the Global Executive Committee and Global Vice Chairman – Tax, EY
Boris Titov , Presidential Commissioner of the Russian Federation for the Protection of Entrepreneurs’ Rights
Sergey Shatalov , Deputy Finance Minister of the Russian Federation

Broadcast

Key moments

Our objective is not to impede business that is done overseas and move it to within Russia’s borders, but rather to ensure that taxes are paid fairly.
Sergey Shatalov
The capital amnesty programme gives us the opportunity to close the chapter on all those risks from the past and put them behind us.
Boris Titov
We cannot have a prosperous future without a class of businesspeople who are devoted to their country. We should give more thought to how to make the tax regime more attractive.
Alexey Mordashov