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[cryptohunter]

Russia keeps an eye on offshore trusts through laws and global cooperation. People must report foreign assets including those in offshore trusts, following tax rules. Financial institutions share this info with tax authorities.

The Federal Tax Service ensures everyone follows the rules with audits and investigations. FTS works with other agencies to swap info and fight tax evasion.

Russia also joins initiatives like the Common Reporting Standard to automatically exchange financial info. This helps track assets in offshore trusts owned by Russian residents.

 

[kerryjoy]

I think Russia’s approach to offshore trusts is pretty tight, which is kinda necessary. Making people report foreign assets and having financial institutions spill the tea to tax authorities feels like they’re closing all the loopholes. I respect that the Federal Tax Service isn’t just sitting around—they’re actively auditing and investigating to catch tax evaders. Plus, jumping on global stuff like the Common Reporting Standard shows they want to play fair on the world stage. It’s basically Russia saying, “No hiding money offshore anymore,” and honestly, I think that’s a good move.