New directions of tax regulation in the world today

Описание: The global economy is actively transforming. Internationally, there are growing concerns about the equitable distribution of multinational corporations' profits among jurisdictions in the context of digital economy and global transition to low-carbon development.

All these factors entail the formation of a new world tax order, since tax system is one of the most important economic regulator. The G20 countries have reached a historic agreement on a package of reforms to tax multinational companies' profits and establish a global minimum tax rate for them. Meanwhile, as part of combating climate change at the international level, a global, yet flexible, approach to carbon regulation is to be formulated. These conditions require a strategic adjustment of the tax system in Russia to the changing world realities. At the same time, the main task of the state is to determine the measures to adapt Russian companies to the new business environment in the world.

Does the introduction of the carbon border adjustment mechanism and the implementation of international profit tax reforms (Pillar 1 and Pillar 2) pose risks for Russia or, on the contrary, open new opportunities? What path should Russia follow in order to protect the country's fiscal interests and prevent unequal competitive conditions for Russian companies?