Sectoral tax, i.e. higher taxation, which affects only selected sectors of the economy (such as banking, insurance, energy, telecommunications, or the information technology segment) is considered to be an effective tool for increasing state budget revenues.
Currently, the Czech Republic does not have a separate capital gains tax for individuals or for corporations; capital gains are included in PIT and CIT. There are also a few cases in which capital gains are exempt, mainly pertaining to property.
The Chinese Communist Party was given the opportunity to show how the common future should look like. The Chinese propaganda machine claims that China has demonstrated its ability to respond to the health crisis and that European countries could also benefit from China’s experience.
Slovakia is not Wuhan. Slovakia is not even Bratislava alone. The optimal solution for the capital is different from the one for Pribylina (a small village in Slovakia). Closing a country like ours, where half of the population lives in the countryside, is a comfortable waiver of responsibility by those in charge.
Two weeks ago, the Mayor of Prague Zdeněk Hřib and his Taiwanese counterpart, Ko Wen-je, signed a partnership agreement on joint economic and cultural cooperation between the two capitals – Prague and Taipei.
30 years ago the Velvet Revolution began with a demonstration in Prague. It started all of a sudden. Then, it all happened very quickly. The communist regime, which had remained in power by force since 1948, had become hollow and rotten in Czechoslovakia.
Bureaucracy is still a burden for both entrepreneurs and ordinary citizens. One of the reasons why the political “fight” has not achieved remarkable success in fighting the red tape, is a missing connection between politics and the everyday life of entrepreneurs.
Many Westerners have seen the break-up of the Eastern Bloc as the long-expected moment of reconnection with the countries of Central Europe. Formerly, in the interwar years, these states formed a crucial part of the order within the region.
With the dissolution of the Eastern Bloc in 1989, transformation has started. The countries such as Poland, Czechoslovakia, Hungary, Romania, and Bulgaria changed their political vector from the East to the West. Political and economic changes were done fast – to a greater or less successful degree.