I have long seen VAT controls as one of the biggest weapons in the hands of the state

I have long seen VAT controls as one of the biggest weapons in the hands of the state. If Slovakia were a weaker rule of law, the invasiveness of VAT controls would be an ideal tool to:
– Overwhelm the competition (i.e. the controlled tax entity) with administration;
– Destroy the competition;
– Reduce the purchase price of the desired company (i.e. the controlled tax entity);
– Coercion, revenge, … Whoever is interested in this topic, I will be glad if you read my statement to Hospodárske noviny. I also talk there about:
– What are the most common mistakes of tax authorities we encounter and how to defend against them;
– What forms of systematic defenses exist;
– Why VAT tax audits can be devastating not only for the company, but also for the owners. Why it is important that we do not weaken the rule of law, but continue to nurture it. The coming months will probably show what the sentiment is…