REGULATION OF THE FUNCTIONING OF OFFSHORE JURISDICTIONS

Abstract

There are a large number of countries and territories in the world that provide tax benefits up to full tax exemption to companies registeredthere that are used in international business. Such countries and territories are commonly referred to as offshore zones or international offshorecenters. Due to the development of international economic cooperation and liberalization of foreign economic relations, taxpayers of almost allcountries of the world have the opportunity to use offshore.Keywords: offshore zones, financial centers, offshore companies, offshore centers, offshore bank.