Spectator on facebook

Spectator on facebook

Joining forces to combat tax evasion

COUNTRIES have joined forces in fighting against tax evasion.

(Source: Sme)

Slovakia, together with 31 other countries, signed a multi-lateral agreement in late January, intensifying the mutual cooperation in discovering tax evasion.

By signing the agreement, the country has made another step towards making this fight more effective, the Slovak Finance Ministry informed the TASR newswire. The country thus also acknowledged the implementation of BEPS (Base Erosion and Profit Shifting), the project focused on preventing erosion of the tax base and shifting of profits abroad.

“I consider this step another one in the fight against tax evasion,” Finance Minister Peter Kažimír said. “Within international collaboration, a swift exchange of information is inevitable, which contributes to discovering the evasions.”

Signing of the agreement should lead to deepening of the transparency of multinational companies. Automatic exchange of reports country-by-country will enable tax administrators to get information on selected tax indices of multinational companies, including their profits, or tax paid in individual countries. Thus, tax administrators will receive further information that will help them find out whether these companies do, or do not, artificially reduce the tax base by moving profits to other countries.

Top stories

Mendoza: A news story can change the world

Every journalist has the responsibility to take a story beyond their daily beat, says Martha Mendoza, one of the team of four women who won the 2016 Pulitzer Prize for Public Service for their “Seafood from Slaves”…

Martha Mendoza

Czech television recommends Islam is a hoax

Here is the overview of the hoaxes and fake news that appeared on the internet over the past week.

Former MP František Gaulieder killed by train

Former MP František Gaulieder, who once was illegally excluded from parliament by HZDS and its chairman, was killed by a train near the village of Trnovec nad Váhom (in Nitra Region) in the early hours of March 25.

František Gaulieder back in 1996 hwen he was excluded from parliament.

Slovakia beats Malta in World Cup qualification Video

The Slovak team beat Malta on March 26 evening at the Maltese stadium in Ta’Qali in their third consecutive winning qualification match.

Slovak rejoice after scoring a goal in Malta, March 25.