Česky

Anticorruption barometer



Current state

Abolition of anonymous ownership — #138 Identification clients of providers of offshore services

Companies providing offshore services should always ask the client company whether it is not a company receiving public funds or a company trading with the state or with public companies. If the response was positive, the company should not be able to receive any offshore services; false statement should be punished by criminal sanctions.


Justification and sources

Update history

01/2016 current Provision of offshore services is an unregulated business activity. Advisory services regarding diversion of public money and corporate tax avoidance by shifting of profit and other sources to tax havens is not subject to any legal rules. However, following the EU latest proposals on fighting corporate tax avoidance a public expert discussion on how to limit provision of offshore services to companies benefiting from public funds is taking up. Effectiveness
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Progression
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08/2015 Provision of offshore services is an unregulated business activity. Advisory services regarding diversion of public money and corporate tax avoidance by shifting of profit and other sources to tax havens is not subject to any legal rules. Effectiveness
0%
Progression
0%
More