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The Directions of Misinvoicing in the Trade of Poland and the Czech Republic with the Main Partners from the European Union

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  • Marcin Gruszczyński

Abstract

The conducting of activity on many markets gives enterprises and financial institutions the possibilities of achieving additional benefits from the different in various countries tax rates, return rates on asset markets, legal regulations, unique position of branches on the given market (e.g. tax vacations, monopoly). These differences in the case of the obliging of limitations of international turnover (e.g. restrictive currency law) can be an incentive for hidden transfer of profits. Misinvoicing belongs to the most often used methods of transferring capital. In the paper it was attempted to estimate, in accordance with the methodology of Johnston, Ryan [1994], the magnitude of the ihmisinvoicedl. inflows and outflows of capital hidden in the foreign trade of Poland and the Czech Republic with the most important partners fromthe European Union. The results of the analysis show that until the year 2000 there followed a constant increase of net inflow.

Suggested Citation

  • Marcin Gruszczyński, 2003. "The Directions of Misinvoicing in the Trade of Poland and the Czech Republic with the Main Partners from the European Union," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 9.
    • Handle: RePEc:eko:ekoeko:9_105
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    File URL: http://ekonomia.wne.uw.edu.pl/ekonomia/getFile/502
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    References listed on IDEAS

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    1. Mr. R. B. Johnston & Chris Ryan, 1994. "The Impact of Controlson Capital Movementson the Private Capital Accounts of Countries' Balance of Payments: Empirical Estimates and Policy Implications," IMF Working Papers 1994/078, International Monetary Fund.
    2. Peter M. Garber, 1998. "Derivatives in International Capital Flows," NBER Working Papers 6623, National Bureau of Economic Research, Inc.
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