The importance of offshore jurisdictions as a tool to minimize the tax burden is researched in the article. The main reasons for the emergence and development of offshore zones, which include money laundering, reducing tax pressure, protection and increase of assets, optimization of transac- tion costs, lack of bureaucracy and over-regulation, risk management are analyzed.
A large number of possible negative consequences characterizes the shadow economy, namely: the economic crisis, the collapse, the growth of economic crimes, the destruction of business relations, the decline in production etc. All these effects stop and worsen the economic development of the country. The article aimed to evaluate the state and features of the shadow economy in Ukraine, to identify еру factors that affect its value and exploring possible actions to improve the current situation. In the article, authors reveal the concept of "shadow economy" and "shadowing".
The article presents an updated view on the definition of the role of state control in combating shadow economy. Noted that polysemantic nature of the phenomenon of “shadow economy”, the existence of different approaches to defining its content, form, etc., causes lack of established understanding of the role of the state in ensuring combating shadow economy. Attentioning to conceptual failures in the exercise of state control in the economy and their consequences for the Ukrainian economy.
In the article an analysis of the prerequisites for the counteraction of the shadow economy to the object of administrative and legal regulation based on the conceptual approaches of the relation of law and economy is conducted. It is emphasized on the special role of administrative-legal regulation of economic relations. Separately highlighted the main directions of content of administrative and legal counteraction to the shadowing of the economy.