Czech companies increasingly controlled from tax havens

The number of Czech companies whose owners are registered in tax havens grew by almost 4 percent last year and has now crossed 12,500 according to an analysis conducted by the Czech Capital Information Agency. According to the data collected 3.4 percent of the total 366,500 companies registered in the Czech Republic are controlled from tax havens. Among the most popular tax havens for Czechs are European destinations such as the Netherlands, Cyprus and Luxembourg.