The desire to reduce tax liabilities is inherent in both businesses and many ordinary citizens, it is an understandable, logical and civilized desire.
At the same time, usually, such a healthy desire of these persons is not accompanied by even a basic study of the legal foundations of tax law and mechanisms of legal control, let alone some planning or minimal analysis.
In our opinion, tax optimization of business and specific economic operations should begin in advance, should be complex in nature and include the choice of forms of management and ways of investing, understanding business processes and determining the goals of running a business, the correct distribution of its economic functions, taking into account the composition of fixed assets , the nature of cash flows and many other aspects.
Tax legislation has become more complicated over the years, tax control measures on the one hand are becoming stricter, and on the other hand, the scope of tax control is expanding, reaching even controlled foreign companies. It should be noted that such changes in open legislation coincided with the general trend of de-offshoreization, which also affects activities with onshore jurisdictions. In addition, these changes are taking place against the background of new rules for financial monitoring and fiscalization of entrepreneurs.
All of the above indicates that there are fewer and fewer stable, conditionally free and simple mechanisms for tax optimization of business. In our business opinion, it is time to set up business based on civilized tax planning, using generally accepted legal ways of reducing the burden, and on the other hand, prepare to take flexible measures in order to achieve an acceptable level of taxation.
We also believe that a stable business does not have the right to have an unstable system of accounting, optimization, calculation and payment of taxes, and in turn, having considerable experience in tax planning, we take an active part in the construction and adjustment of such systems for our clients.
