Home  Journals  Finance and Credit  30(366) – 2009 August

Consolidated taxpayer regime: history of development and principles of functioning

Available online: 17 September 2009

Subject Heading: Tax policy

JEL Classification: 

In Russia, over a long-term period certain efforts have been made to create a mechanism of consolidated tax reporting. In this connection it seems to be reasonable to analyze the international experience of application of group taxation regime and to assess relevant risks of its application in our country. The article gives an overview of development and outspread of consolidated tax reporting regimes abroad, deals with classification of group taxation models, basic principles and conditions of introduction and application of group taxation mechanism. The authors conclude that strategic assessment of feasibility and effectiveness of introduction of group taxation regime must be based on a profound analysis of economic processes in the country, with due regard to possible influence of the regime on allocation of financial assets and justice of profit distribution.

Keywords: consolidated tax reporting, group taxation, parent company, subsidiary, tax neutrality, offset of profits and losses, intra-group transfer of assets

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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