On Closing Tax Avoidance Loopholes for Companies

The purpose of the research. The article discusses proposals to close loopholes for business tax evasion and understatement of tax payments to the budget in fulfillment of the Address of the President of the Russian Federation V.V. Putin to the Federal Assembly on 29.02.2024. The article substantiates and presents specific proposals for closing amendments to the tax legislation in order to eliminate gaps that allow businesses to evade taxes or understate tax payments. Among the proposed tax additions are: recognition of preparatory and auxiliary activities, a single business process for the formation of a permanent establishment; attribution of income at the place of benefit; exclusion of the right to choose the state to pay taxes and expenses without a business purpose from the calculation of income tax; establishment of the beneficiary of the actual recipient of income; avoidance of loopholes for tax evasion in the division of business; abolition of tax benefits for special investment contracts, concluded by the taxpayer.

Results. According to the results of the conducted research of improvement of taxation practice in the interests of ensuring its completeness and reliability for budget revenues, the priority of the need to create a safe for the country tax business activity with legislative suppression of «loopholes» of understatement of tax payments or avoidance of their payment, reducing the risk of under-receipt of tax revenues to the budget at the stage of sustainable revival of the country's economy increases.