Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

More Slovak companies in tax havens

SLOVAK companies with owners based in countries deemed to be tax havens are growing in number. By the end of 2012 there were 3,600 such companies, which represents a 17.8-percent increase – the highest in five years, the TASR newswire reported, citing Cyprus and Seychelles among the most attractive low-tax countries.

SLOVAK companies with owners based in countries deemed to be tax havens are growing in number. By the end of 2012 there were 3,600 such companies, which represents a 17.8-percent increase – the highest in five years, the TASR newswire reported, citing Cyprus and Seychelles among the most attractive low-tax countries.

The numbers come from an analysis carried out by Bisnode Slovensko and are based on publicly accessible sources only.

“The whole of last year was marked by a significant interest of businesses in tax optimisation and securing of anonymous ownership through foreign companies,” Bisnode’s analyst Petra Štěpánová said, as quoted by TASR.

The Netherlands is another popular tax haven for Slovak companies, according to the analysis.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

The Financial Administration’s head resigns from post

František Imrecze says his decision was spontaneous.

František Imrecze

People will gather to support imprisoned Ukrainian filmmaker

The open letter in support of Sentsov has been signed by more than 2,800 people.

People hold posters to support Ukrainian filmmaker Oleg Sentsov, who is currently on hunger strike in a Russian jail to demand the release of the other Ukrainian hostages taken by the Kremlin, in front of the Embassy of the Russian Federation in Kiev on August 21, 2018.

Institutions can be quickly destroyed, but they are hard to build

Head of the To Dá Rozum intiative, Renáta Hall, talks about the impacts of a dispute between the academy of sciences and the Education Ministry.

Renáta Hall

Man from Russian sanction list trained president’s and PM’s bodyguards

Denis Riauzov is on the sanctions list and the secret services believe he is a Russian agent.