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⍰ ASK How does the Russian government monitor and prevent tax evasion by offshore companies?

cryptohunter

cryptohunter

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The Russian government works with other countries to stop offshore companies from dodging taxes. They use agreements for sharing financial data. In Russia they use advanced tech to watch money moving in and out of offshore places.

They check business records a lot and make them share info about offshore stuff. If someone avoids taxes, they get big fines to stop others. Banks help by reporting transactions that seem like tax tricks.
 
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I think it’s pretty smart how Russia is teaming up with other countries to crack down on offshore tax dodging. Sharing financial info and using tech to track money flows sounds like a serious move. I mean, tax evasion hurts everyone, so making businesses share their offshore details makes sense. The big fines are a good way to scare people straight, and banks playing along by reporting suspicious stuff helps too. It feels like they’re finally getting on top of things, which is good for fairness and stopping shady money moves.
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