For business families planning to transfer their business from one generation to the next, the tax costs can vary widely, depending on where the business is located. Some countries offer substantial tax breaks to help family businesses succeed and grow in the hands of the next generation. Other countries tax transfers within families the same as any other transaction, creating significant costs.

On May 16 Stanislav Kouba, a director of the Income Tax Department, Ministry of Finance discussed the Income Tax Act and future tax policy with Peter Chrenko, Partner at PwC and the American Chamber of Commerce members at AmCham roundtable.     

European M&A witnessed a bumper year in 2017 compared to 2016, whilst global M&A activity fell by 3% in value and 1% in volume. Sellers were more successful in shifting risk to buyers in private company M&A than at any time in the last decade Stark differences in seller/buyer risk allocation remain embedded in the US and European deal structures for private company M&A

Acccording to Financing SMEs and Entrepreneurs 2018: An OECD Scoreboard, in 2016, there were roughly 1.1 mil. active enterprises in the Czech Republic. 99.8% of these firms were SMEs with less than 250 employees each. Together, they employed almost 1.8 mil. people or 58.4% of the Czech Republic's workforce. Micro-firms dominated the business landscape, comprising 96.3% of all SMEs in 2015.