Competitiveness / Tax & Finance

This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.

Spotlight issue

20th January 2022 / Competitiveness / Tax & Finance

Who bears the burden of proof in tax proceedings and why is it important to know?

The questions of who bears the burden of proof in tax proceedings and when has plagued many a taxpayer and even tax administrators. The burden of proof is distributed between them and during tax proceedings usually shifts from one to the other. The proper understanding of how the burden of proof works is therefore central to the choice of an appropriate strategy and can often be the key to success.
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14th December 2021 / Competitiveness / Tax & Finance

Expansion Abroad Through the Lens of Finance: What do Tech Companies Deal With?

The financial foundations of every company are the same. However, in the case of technology companies, the crucial thing is that they have international ambitions from the very beginning. As a result, they grow faster compared to companies from other industries. This trait increases the breadth of their financial services’ requirements. How to deal with different currencies, customers’ payment behaviour or exchange rate risk when the company operates in several foreign markets? Here are some tips from Lukáš Martoš, CE Solutions Sales Head from Citi Commercial Bank.
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14th October 2021 / Competitiveness / Tax & Finance

The drama of COVID-19 has cast leaders in new roles.

All the world’s a stage, but the COVID-19 pandemic has rewritten the script. Executives are now asked to play different parts. This week, McKinsey looked at the morphing demands on CFOs and asset managers, and at how C-suite leaders across industries must understand and embrace digitally enabled strategies and business models.
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23rd September 2021 / Competitiveness / Tax & Finance

Dealmakers say PE best placed to flourish in the next 12 months

The Road to Recovery: European M&A Outlook 2022 Dealmakers say PE best placed to flourish in the next 12 months A brighter outlook: 53% of respondents expect European M&A activity to increase over the next 12 months (compared to only 2% last year) Low valuations and distress: 24% see undervalued targets as the most important buy-side driver of M&A activity. 22% identify distressed-driven M&A as the most important catalyst for sell-side activity. Private equity in pole position: 71% agree that financial buyers are better placed than strategic buyers to take advantage of buying opportunities in the post-lockdown revival.  
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16th September 2021 / Competitiveness / Tax & Finance

Erste Group launches equity booster to support social organisations’ growth

Erste Social Finance Holding, a joint venture of Erste Group and ERSTE Foundation, recently launched “Quasi-equity”, an innovative social finance instrument. This new funding opportunity, which has received financial support from the European Union, helps social organisations grow and scale up their impact by strengthening their equity. Provided in the form of a so-called “qualified subordinated loan”, Quasi-equity is available to social enterprises, non-profit and non-governmental organisations in Austria, the Czech Republic, Slovakia, Serbia, and Croatia.
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Members of the American Chamber of Commerce in the Czech Republic