3rd August 2016

AmCham Policy Report - Issue 6 - August 3: Why is the EET such a big deal?

No taxation without representation. The world often forgets that what made American patriots so angry at the British was not some romantic idea of personal freedom, but the right to have a say in how much of their income the government got to redistribute. The original Tea Party was a reaction to a higher tariff on tea.

That should put the current arguments about Electronic Records of Sales (EET) into some perspective. Ministry of Finance officials seem confused by the fierce resistance to what they view as a practical measure for reducing the amount of fraud in the system. They argue - correctly– that EET should both raise enough revenue to reduce the pressure for higher taxes and make life fairer for those who already play by the rules. 

Read full version attached (in English).

Members of the American Chamber of Commerce in the Czech Republic