Zoellick’s daring proposal
When recreating a functioning international monetary system that supports prosperity and progress it’s necessary to get back to the roots.The last such system that worked to a certain extent — Bretton...
View ArticleSustainable development: a Czech void
Decision makers, investors and citizens around the globe are gradually waking up to the fact that global oil production has peaked already and that other fossil fuels are likely to peak during the next...
View ArticleCzech football fans may benefit from EU opinion
Football is big business, of course. Recently, FC Liverpool sold its top striker Fernando Torres for a reported $80 million. They didn’t put the money in their bank account or pay off some debts, but...
View ArticleWhat exactly is ‘corruption’?
The state failing to react to serious problems that citizens face used to have — and is still bound to have — grave consequences. Currently, a form of crime defined as “corruption” constitutes such a...
View ArticleStamp tax finally stamped out after two centuries
Austria abolished the stamp duty for credit and loan agreements on Jan. 1, 2011. The duty — sometimes described as stamp tax — had existed since the times of Maria Theresa in the 18th century. This...
View ArticleHow to measure corruption?
Police statistics reveal to us how many murders occurred in a given year, how many cars were broken into or stolen and how many crimes were solved. Even without detailed inquiry, it is evident that the...
View ArticleWho fights for the state?
If only the walls of official government bureaus and ministries could talk about how the people who are the source of all state authority exercise this power. While looking at a “flying” director,...
View ArticleRent seeking, or gold-digging?
I was inspired to write this article by an SMS: “It’s a good idea to explain corruption and develop a debate. And you should include an assessment of public tenders … – your friend, a.k.a. an expert...
View Article‘Super strategy’? Prudence is in order!
The Ministry of Transport has presented its so-called “super strategy,” which among other things aims to engage the private sector in building the country’s road infrastructure through so-called...
View ArticleGov’t wants responsible spending: How does the state apparatus fare?
Most OECD countries have started implementing program financing, public project efficiency assessments and multi-year budgeting. The objective behind the introduction of these new techniques is to find...
View ArticleJune 30: A day to prepare for
June 30 is generally known to be the last date for filing your tax return (and paying income tax) for the prior year if you use a tax adviser or lawyer. Nevertheless, this date has quite a few...
View ArticleWill the Czech s.r.o. become more unsafe for creditors?
The draft Act on Companies, as recently approved by the government, besides other drastic changes reduces the required basic capital of a Czech limited liability company (s.r.o.) from Kč 200,000 to Kč...
View ArticleEmployer, beware! Pitfalls of the new Labor Code
As an employer, you can probably live very well with almost all of the changes January 1, 2012 will bring for the Czech Labor Code. read more
View ArticleChaining of SROs still an issue
Now, what does this chaining mean? This means the provision in § 105 para. 2 Commercial Code which was introduced in 2001 and which prohibits a Czech s.r.o. to have as sole shareholder another s.r.o....
View ArticleCzech investment incentives target hi-tech firms
The Czech Republic is almost constantly battling against its CEE neighbors to attract large foreign investors for whom government incentives such as tax breaks can be decisive when choosing a location...
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