September 12th, 2012

Czech, Slovak firms said using Hungary as “secret” tax haven

Hungary has become a secret tax haven for Czech companies as the number of Czech firms with head office in Hungary increased by 41 percent to 944 between 2009 and mid-2012, the Czech Capital Information Agency (CEKIA) said Monday. The number of Slovak firms has soared by 50 percent to 10,000.

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