Česky

Anticorruption barometer


Update history

Abolition of anonymous ownership — #135 Disclosure of ultimate beneficial owner(s) as a condition for obtaining licence for providing offshore services

The condition for receiving the license for providing offshore services should be the disclosure of ultimate beneficial owners of companies applying for the license to provide offshore services and also the continuous monitoring of ownership structures.

Justification and sources

Selected update

Updated: 08/2015 Parameter update history

Effectiveness:
0%
Progression:
0%
Media report a problem but nothing is being done

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.

Compared to current state

Updated: 01/2016 Parameter update history

Effectiveness:
0%
Progression:
10%
The solution is being discussed in the public

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.