Spectator on facebook

Spectator on facebook

37 Slovak firms do business in tax havens on EU black list

Their parent companies are located in only one country out of the nine listed.

(Source: Sme archive)

Thirty-Seven Slovak companies are currently operating in tax havens on the EU black list which features tax havens outside the EU, according to data published by Bisnode. All the parent companies of the Slovak businesses are located in only one country out of the nine on the list - the Marshall Islands. The equity capital of these companies does not exceed €350,000 euros, reported the SITA newswire, citing data published by Bisnode.

Read also:Fewer Slovak firms reside in tax havens

The European Union released the black list of tax havens last year, and it originally featured 17 countries from outside the EU that do not co-operate sufficiently in tax matters. At present, however, the EU, on the basis of the promise of better cooperation in tax issues from some of these countries, has narrowed the list to nine tax havens: American Samoa, Bahrain, Guam, the Marshall Islands, Namibia, Palau, Saint Lucia, Samoa, and Trinidad and Tobago. Others have been moved to a ‘gray’ list of jurisdictions featuring 55 countries.

Three thousand Slovak companies are seated in the countries that appear on both lists and control equity capital of more than €1.4 billion euros. Before the shift between the lists, 582 companies from Slovakia were doing business in the countries on the black list, based on Bisnode’s data.

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

Yuri Dojc: I did not want to live under occupation

Slovakia is not even close to what I remember from my life here, says the Canadian-Slovak photographer.

Yuri Dojc today: "A reflection of an older man in the mirror with glimpse of an attractive woman , who is my wife"

We will not allow Ján and Martina to be forgotten

Statement from Slovak journalists half a year after the murder of Ján Kuciak and Martina Kušnírová

Illustrative stock photo

Our emigrants’ stories: lessons in humanity

Slovaks who fled the 1968 occupation tell us what it means to be a refugee.

Pictures from The Gift pantomime show. Milan Sladek wrote it in the Swedish Goteborg in 1969 as a metaphor of Czechoslovakia's cohabitation with the Soviet Union.

We were on the run, but we were welcomed Photo

Slovak-Swiss writer Irena Brežná was forced to emigrate but found a way to fill her life with meaning in a foreign land.

Irena Brežná arrives to Switzerland.