Competitiveness
This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.
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Spotlight issue
Problems were to be expected, but not these problems.
The pandemic has left businesses and governments to grapple with a perplexing collection of supply-chain and logistical disruptions. Over a year ago, we knew we were facing upheavals in health, education, and workplace systems. Ramifications such as the semiconductor shortage, however, were harder to predict. This week, McKinsey examined a variety of unexpected pandemic consequences and looked for ways to address them.
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Coordination Committee: Is compensation for unconsumed goods subject to VAT?
The Czech Chamber of Tax Advisors has come up with a proposal to unify the interpretation regarding the application of VAT in situations when the customer compensates the supplier for expenses incurred by the supplier for material unconsumed upon the termination of manufacturing. The paper submitted for discussion to the Coordination Committee of the Chamber of the Tax Advisors and the General Financial Directorate mainly derives from the judgment of the Court of Justice of the EU in case C-295/17 MEO.
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Making an Impact
We as a school have connected with the organization UNICEF (United Nations Children's Fund) to help provide therapeutic food for malnourished children, as well as, family meals, medical supplies, or planting trees. Our ISB Primary students participated by watching and exercising to videos that UNICEF has created related to physical activity. The more students that watch the videos and exercise, the more help will be provided by UNICEF to those who need it.
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