Česky

Anticorruption barometer


Update history

Abolition of anonymous ownership — #139 Surveillance over the regulation of provision and use of offshore services

The surveillance of the prohibition on use and provision offshore services should be bestowed upon Financial Analytical Unit of the Ministry of Finance or the Czech National Bank or with respect to the advocates to the Chamber of Advocates.

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.