CEU Electronic Theses and Dissertations, 2018
| Author | Ershova, Yulia Alexandrovna |
|---|---|
| Title | The Disclosure of Beneficial Owners in Offshore Trusts as a Method to Prevent Tax Avoidance in the Russian Federation and the United Kingdom |
| Summary | This thesis analyses the disclosure rules for beneficial owners in offshore trusts, starting from international standards and then focusing on two jurisdictions: Russia and the UK. After defining the notion of beneficial ownership, it discusses OECD BEPS Actions (primarily Action 3 “Controlled Foreign Companies” and Action 12 “Mandatory Disclosure Rules”) and their implementation in Russia and the UK. It also gives an overview of current tendencies in the development of disclosure rules and provides recommendations for making these rules more effective. In order to conduct this research, the thesis analyzes OECD regulations, legislative and executive acts of Russia and the UK, and case law. The methodology used includes analysis of primary and secondary written sources, case studies, classification, comparative method, systematization and synthesis. The key findings are that Russian and the UK disclosure systems are similar, however, the UK disclosure system is more developed than the Russian one. It is recommended to implement some of the UK policies in Russia, such as public registers of beneficial ownership. It is also recommended to improve certain OECD standards, such as the uniform definition of beneficial ownership. It is noted that the general tendency in the development of disclosure rules is the expansion of their scope, along with the restriction of reporting standards. It is recommended that both Russia and the UK follow these trends in order to improve their disclosure policies. |
| Supervisor | Lawrence, Jessica Charles |
| Department | Legal Studies LLM |
| Full text | https://www.etd.ceu.edu/2018/ershova_yulia.pdf |
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