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The economic performance of Slovak companies with direct ownership links to tax havens
Title The economic performance of Slovak companies with direct ownership links to tax havens Author info Michal Ištok, Lea Šlampiaková Author Ištok Michal 1989- (50%) UMBEF04 - Katedra financií a účtovníctva
Co-authors Šlampiaková Lea 1992- (50%) UMBEF04 - Katedra financií a účtovníctva
Source document Hradec economic days : proceedings of the international scientific conference Hradec economic days 2020, 02.-03.04.2020, Hradec Králové, Vol. 10, no. 1. S. 275-284. - Hradec Králové : Univerzita Hradec Králové, 2020 ; Hradec Economic Days 2020 Innovations and upcoming challenges of developed and developing economies Keywords vlastníctvo - ownership slovenské podniky - Slovak companies daňové raje - tax havens Form. Descr. príspevky v zborníku - proceedings papers Language English Country Czech Republic Annotation This paper aims to analyse the impact of transferring the registered offices of Slovak companies to tax havens at the level of the reported indicators of total assets turnover and EBITDA per total assets. A tax haven is generally defined as an offshore territory that imposes low or zero taxes with insufficient or low transparency, relatively low participation in multilateral exchanges of financial account information and with the possibility to use different and harmful tax structures. We divide tax havens into three categories, onshore, midshore and offshore jurisdictions. In our analysis, we use two databases. The first is the Bisnode database, which lists Slovak companies with the owner in selected tax havens. The second database is the datasets of the financial statements of Slovak companies for individual years prepared and provided by Finstat. As for the investigated period, we selected the year 2015 as it has the highest number of available data. Our results suggest that Slovak companies with direct ownership links to tax havens disclose statistically significant differences of median values in both total assets turnover and EBITDA per assets compared to those companies without links. Our output partially confirms the hypothesis that Slovak companies linked to tax havens report worse economic performances than that of their counterparts. URL Link na konferenciu Public work category AFC No. of Archival Copy 47559 Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ 
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