Track:5. Investments / Finance
In recent years, Russian tax law has undergone many changes. Reforms still continue, now under the influence of a number of new factors. Adherence to the principle of freedom of capital flow in order to ensure its growth and a positive impact on economic development has led to this capital being transferred outside the Russian tax sovereignty due to insufficient systemic regulation.
This necessitates the legislator to carry out a number of fundamental reforms that need to be properly balanced.
On the one hand, there is a need for comprehensive regulation, which after many years of shadow economy would allow capital to move freely and be in the open market. Moreover, there is a need of fundamentally new fiscal instruments for the taxation of net income brought in by the “free” capital, even if this capital, inherently Russian, works outside of its borders.
On the other hand, however, lack of management experience in this field motivates to preserve relatively strict mechanisms of capital flow regulation, including the active use of such atavisms as restrictions stipulated by the Russian norms of monetary regulation.
It is safe to say that the main fiscal and regulatory measures controlling capital flow, as well as necessary taxation rules are currently in place. For instance, over the past two and a half years, new rules for taxation of income of controlled foreign corporations have been introduced; attempts to amnesty Russian capital have been made; currency control rules have been significantly adjusted.
These factors set out new rules of the game for all market players and define new limits of capital flow.
“Where are the limits of capital flow under the new regulatory framework?” – this is the main question participants of the round table are invited to discuss.
Panellists, taxation experts from major Russian and international companies who serve as experts in the legislative process, are invited to discuss the following issues:
Deputy Head, Federal Tax Service of the Russian Federation
Deputy Commissioner of Federal Tax Service of the Russian Federation
Сlass 2 Active State Advisor of the Russian Federation
Daniil Egorov was born in 1975 in Moscow.
1998: graduated from Peoples’ Friendship University of Russia with specialization in Legal Studies.
2000–2001: commission member of the Inter-Regional Bar for Entrepreneurs and Citizens Assistance.
2001: legal advisor, legal manager of ZAO Eneco.
2001–2003: 1st category specialist, consultant of Executive Support Department, Moscow Directorate, Ministry of Taxes and Assessments.
2003–2005: head of Information Support, Electronic Data Input and Desk Audit Department, then head of Desk Audit Department, Moscow Inter-District Inspectorate No 44, Ministry of Taxes and Assessments.
2005–2009: head of Desk Audit Department and Field Audit Department No 2, Moscow Inter-District Inspectorate No 50, Federal Tax Service.
2009–2010: deputy head of Examination Department, Moscow Directorate, Federal Tax Service.
2010–May 2011: deputy head of Private Litigation Examination Department, Largest Taxpayer Litigation Examination Department, deputy head of Directorate and head of Pre-Trial Audit Directorate, Federal Tax Service.
Coordinates and controls the following activities:
Mr Egorov supervises the following areas:
Business-Ombudsman for Deoffshorization and Capital Amnesty under the Presidential Commissioner for Entrepreneurs’ Rights
*This schedule may be subject to change