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Misuse of Company Mergers in Investment Funds?

In: Digitalization in Finance and Accounting


  • Jáchym Lukeš

    (University of Economics in Prague)

  • Jana Skálová

    (University of Economics in Prague)


This chapter refers to two examples from the practice of an investment fund based on merger repetitions, the motives of which are often purely for tax reasons; these methods can therefore be labelled as aggressive tax planning or misuse of tax law. In the described examples, misuse occurs of investment fund mergers for the calculated transfer of property from subsidiaries to an investment fund which realizes its sale with a profit tax lowered to a 5% tax rate as opposed to the regular rate of 19%. The second example of misuse, then, is the calculated extension of the accounting and tax period with the aim of retaining a tax advantage after the change of legal conditions.

Suggested Citation

  • Jáchym Lukeš & Jana Skálová, 2021. "Misuse of Company Mergers in Investment Funds?," Springer Proceedings in Business and Economics, in: David Procházka (ed.), Digitalization in Finance and Accounting, pages 181-188, Springer.
  • Handle: RePEc:spr:prbchp:978-3-030-55277-0_16
    DOI: 10.1007/978-3-030-55277-0_16

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