OFFSHORING AS A TOOL OF TRANSFER POLICY IN THE ACTIVITIES OF TNC
Abstract
In today's global economy, transnational corporations (TNCs) play a key role in the international movement of capital, investment and technology. One of the most important tools of their financial and tax policy is offshoring, which allows them to optimize the tax burden, minimize costs and increase the competitiveness of companies in the global market. The use of offshore mechanisms in the activities of TNCs provides flexibility of financial flows, which contributes to the efficient management of corporate resources and mitigation of regulatory risks. Thus, a study of the factors influencing the efficiency of offshoring is necessary to understand current trends in international business, develop recommendations for TNCs on the optimal use of offshore mechanisms, and assess the prospects for the development of the global financial system. The article provides a comprehensive analysis of offshoring as an instrument of TNCs' transfer policy, which allows structuring financial flows considering international tax regimes, regulatory norms and economic conditions in different countries. The author examines the change in approaches to transfer pricing control, which limits the opportunities for tax optimization through offshore companies. Using the Kendall's correlation-regression analysis method, the author identifies the key factors that affect the efficiency of offshoring, including the level of tax burden, the rigidity of the regulatory environment, the political stability of jurisdictions, the cost of operating offshore structures, and the level of financial transparency. It is found that offshoring remains an effective tool for optimizing the transfer policy of TNCs, if it is properly managed and adapted to global changes in tax and regulatory policies. Based on the results obtained, the author proposes an algorithm for assessing the efficiency of TNC offshoring, considering current global regulatory trends, corporate governance needs and prospects for economic development. The article outlines practical recommendations for international companies on the optimal use of offshore mechanisms to increase financial efficiency, ensure tax compliance and strengthen competitive positions in world markets. Thus, the results of the study may be useful for managers of TNCs, international business analysts, academics and representatives of regulatory authorities in the context of formulating effective tax and corporate policy.
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