Tomáš Hokr for EPRAVO.CZ Digital
In the professional online magazine for business and legal practice EPRAVO.CZ Digital dated October 21, 2016, an article by Tomáš Hokr was published with the title “Act on Proof of Origin of Assets: The test of unnecessarity”.
The new Act No. 321/2016 Coll., on proving the origin of assets affective as of 1 December 2016, already wakes up taxpayers from sleeping, as it gives the financial authorities a powerful weapon - the opportunity to challenge the taxpayer to prove the origins of income and property where assets exceeds revenues by more than CZK 5 million. Is or is this work of legislators useless? In the article, Tomáš examined the law on its uselessness and arrived at an interesting result.