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

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.<p> 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.