Česky

Anticorruption barometer


Update history

Abolition of anonymous ownership — #137 Prohibition for companies receiving public funds to use offshore services

Companies receiving public funds and companies trading with state or public companies* shoud not be able to use offshore services consisting in concealing their true ultimate beneficial owners.

* Companies receiving subsidies, companies carrying out public contracts, including subcontractors, companies which buy or sell something to the state or which rent to or lease something from the state and finally companies which contract with state owned enterprises or companies in situations where those companies provide public service.

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.