Firms managed from tax havens down to 2.47%

Published: 21.07.2019 Related countries:  U.S.A. U.S.A.

Firms managed from tax havens down to 2.47%

The number of Czech firms in tax havens decreased by 405 in H1 2019. This is the historically highest decline. In Q2 alone, 146 companies left tax havens. The outflow in 2019 is driven by the Netherlands (-157) and the US (-147). According to Bisnode's analysis, there are 12,400 Czech companies located in countries with tax advantages, the least since 2011. 2.47% of entities are thus controlled from a tax haven. The volume of capital in the registered capital of Czech firms controlled by tax havens owners reached CZK 326.6bn.

Source: www.cianews.cz

Prepared by the team of foreign office Czech Trade Chicago.