Stages of evolution of offshore activities: retrospective and current state

The processes of globalization and economic integration defined the objective of this study: systematization of approaches to the evolution of offshore activities in order to develop proposals for improving the offshore regulation system using the example of the Russian Federation. To achieve this goal, a comprehensive research approach was used, including theoretical and empirical analysis of the problem. In particular, it was necessary to consider the development of offshore activities, the mechanisms of regulation of offshore jurisdictions, and conduct a quantitative analysis of the impact of offshore jurisdictions on the global economy in terms of tax revenues. The diversity of approaches to identifying the stages of offshore activity evolution formed the basis of this study. The object of the study is the economic relations that develop between states within the global financial system. The subject of the study is the activities of offshore jurisdictions. The central place in the work is occupied by the development of the author's approach to the periodization of offshore activities and the improvement of the offshore regulation system using the example of the Russian Federation. The work uses general scientific research methods: analysis and synthesis, deduction and induction, generalization, description. In addition, the following specific scientific methods were used: tabular and graphical methods of presenting the studied data, historical research method. The novelty of the study consists in the development of an approach in terms of periodization of offshore activities and characteristics of the current stage of offshore activity development. The specified approach describes in detail the four main periods of offshore activity development and focuses on the factors underlying their allocation. In order to improve the system of offshore activity regulation in the Russian Federation, a mechanism of tax amnesty of capital for legal entities is proposed. Based on the results of the study, a conclusion is made about the existence of close economic and political relationships between offshore jurisdictions and developed countries, which makes it impossible to completely eliminate offshore financial centers without significant negative consequences for the global financial system. The obtained results and conclusions were compared with existing literature on similar topics in the field of economic science. The presented study is characterized by a detailed analysis of the periodization of offshore activity development, which determines its scientific significance for a wide range of users.

offshore jurisdictions, offshore activities, staging and periodization, taxes and taxation, confidentiality, base erosion, tax evasion, tax regulation system, non-tax regulation system, tax amnesty