Platonova I.N.Moscow State Institute for International Relations (University) of Ministry of Foreign Affairs of Russian Federation, Moscow, Russian Federation irplato56@mail.ru
Gurova I.P.Moscow State Institute for International Relations (University) of Ministry of Foreign Affairs of Russian Federation, Moscow, Russian Federation igurova@mail.ru
Importance The article considers the transnational activities of Russian companies, based on the export of capital in the form of direct investments. Objectives The study aims to identify the channels of offshore business in the global economy and conditions of involvement of Russian companies in the process, and develop management techniques to control the offshore activities. Methods We used an analysis of the statistical data. Our research is based on the concept developed by certain international organizations, like the UN, OECD, IMF, UNCTAD, and others, that highlights Special Purpose Entities as a channel for offshore business activities along with Offshore Financial Centers. Results We derived and grounded two approaches to the identification of offshore companies: nominal and functional ones. Conclusions and Relevance We conclude about the prevalence of the nominal approach in the development of methods of regulation of the offshore business in the Russian Federation, on the need to improve the system of official statistics and monitoring foreign direct investment at both the macro and microeconomic levels, that will go to the functional method of regulating foreign-controlled companies. The results of the study are intended for conceptualizing the State regulation of offshore activities of Russian companies, in particular their structural units abroad, i.e. foreign-controlled companies.
Keywords: transnational corporations, foreign direct investments, offshore zones, foreign-controlled companies, special purposes entities
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