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The concept of "hidden payout of profit” is characteristic for tax law, but inappropriate for corporate law, although it became deep-rooted in this field by practice. Within the context of corporate law it is not only about the problem of profit payouts, but also about the protection of the so-called tied up assets of a capital company within the so-called principle of capital preservation. The purpose of the corporate legislation is to prevent inadmissible interferences of shareholders or associates in the company's assets. Unlike corporate law, the purpose of tax law is to protect (fiscal) interests of the state, primarily to protect the tax base of the company as an independent and only subject to taxation, therefore the payouts of profit don’t have an effect on the amount of the tax base, irrespective of whether the company pays out the profit in an open or hidden way. Hidden payouts of profit - as the open ones - do not reduce the tax base for income. The subject of the discussion are both aspects - the corporate aspect of hidden transfers of assets and the tax aspects of hidden transfers of assets within the law of joint-stock companies and limited liability companies.

Political structure & processes --- the inhibition of the repayment of investments --- the prinicipal of capital preservation --- corporate law --- tax law --- hidden payouts of profit

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The concept of "hidden payout of profit” is characteristic for tax law, but inappropriate for corporate law, although it became deep-rooted in this field by practice. Within the context of corporate law it is not only about the problem of profit payouts, but also about the protection of the so-called tied up assets of a capital company within the so-called principle of capital preservation. The purpose of the corporate legislation is to prevent inadmissible interferences of shareholders or associates in the company's assets. Unlike corporate law, the purpose of tax law is to protect (fiscal) interests of the state, primarily to protect the tax base of the company as an independent and only subject to taxation, therefore the payouts of profit don’t have an effect on the amount of the tax base, irrespective of whether the company pays out the profit in an open or hidden way. Hidden payouts of profit - as the open ones - do not reduce the tax base for income. The subject of the discussion are both aspects - the corporate aspect of hidden transfers of assets and the tax aspects of hidden transfers of assets within the law of joint-stock companies and limited liability companies.

Political structure & processes --- the inhibition of the repayment of investments --- the prinicipal of capital preservation --- corporate law --- tax law --- hidden payouts of profit --- the inhibition of the repayment of investments --- the prinicipal of capital preservation --- corporate law --- tax law --- hidden payouts of profit

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This paper deals with the position and the powers of head of state in the legislative and the executive branch in former socialist systems. It examines the system in countries that emerged from socialist regimes, where the parliamentary system and the function of the President of the Republic as the individual head of state were introduced in the 1990s, namely in 10 (newest) Member States of the European Union. The paper elaborates on the position of the President of the Republic, the extent of the office’s powers, and the resulting cooperation between the office of the President, the executive and legislative bodies, which is also one of the fundamental criteria of the standard classification of political regimes. The powers of the President in the field of legislation are the powers based on which the relationship between the President of the Republic and the legislative authority is established. The analyzed powers that the President exercises vis-à-vis the parliament are the powers of the President in relation to the adoption of an Act, the powers that the President of the Republic has in the domain of announcing parliamentary elections and convening a parliamentary sitting, as well as the powers in the domain of dissolving the parliament and announcing early elections. In the second part the paper focuses on the relationship between the President of the Republic and the government, and, consequently, the President's powers in the formation of the government and the appointing of state officials.

Political structure and processes. --- Politics and government. --- Society and social sciences Society and social sciences. --- legislative --- head of the state --- systems --- socialist systems --- executive branch --- Czech Republic --- Dissolution of parliament --- Dubrovnik --- Estonia --- Motion of no confidence --- Planned economy --- Prime minister --- Veto

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This paper deals with the position and the powers of head of state in the legislative and the executive branch in former socialist systems. It examines the system in countries that emerged from socialist regimes, where the parliamentary system and the function of the President of the Republic as the individual head of state were introduced in the 1990s, namely in 10 (newest) Member States of the European Union. The paper elaborates on the position of the President of the Republic, the extent of the office’s powers, and the resulting cooperation between the office of the President, the executive and legislative bodies, which is also one of the fundamental criteria of the standard classification of political regimes. The powers of the President in the field of legislation are the powers based on which the relationship between the President of the Republic and the legislative authority is established. The analyzed powers that the President exercises vis-à-vis the parliament are the powers of the President in relation to the adoption of an Act, the powers that the President of the Republic has in the domain of announcing parliamentary elections and convening a parliamentary sitting, as well as the powers in the domain of dissolving the parliament and announcing early elections. In the second part the paper focuses on the relationship between the President of the Republic and the government, and, consequently, the President's powers in the formation of the government and the appointing of state officials.

Political structure and processes. --- Politics and government. --- Society and social sciences Society and social sciences. --- legislative --- head of the state --- systems --- socialist systems --- executive branch --- Czech Republic --- Dissolution of parliament --- Dubrovnik --- Estonia --- Motion of no confidence --- Planned economy --- Prime minister --- Veto --- legislative --- head of the state --- systems --- socialist systems --- executive branch --- Czech Republic --- Dissolution of parliament --- Dubrovnik --- Estonia --- Motion of no confidence --- Planned economy --- Prime minister --- Veto