KPMG experts concluded that at the current stage of the tax system development it is appropriate to focus on foreign trade transactions as the capital outflow leads to losses that are at least comparable to the internal tax losses.
According to the preliminary CBR estimate, as of the end of 2014 capital outflow from Russia amounted to 152 billion USD, which is a 2.5 time increase as compared to 2013 resulting from the sanctions introduced and plummeting oil prices. What is more, half of funds moves from Russia to countries with a preferential tax regime.
One of the basic ways of sending money abroad is to reduce profits gained by Russian companies. One of the ways to accumulate cash abroad is to decrease prices of goods and services exported to preferential taxation countries or to increase import prices. For example, in 2013 Russia obtained nuclear reactors and other equipment from the Netherlands amounting to 1 billion USD, while the actually shipped goods were worth 170 million USD. It could have resulted in reducing the tax base of companies by 904 million USD.
Other findings of the research are briefly given below:
The full report is available here (only the Russian version).
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