BAD COPS MEANS BIG MONEY.
Published:
16 February 2000 y., Wednesday
Estonia_s Tax Board warned the efficiency of the economic police in prosecuting tax frauds may lead to an unexpected gap in the budget as the state must pay sales tax refunds and interest to crooked businessmen, the daily Eeesti Paevaleht reported. Tax fraud cases committed in the middle of the 1990s are nearing their statute of limitations and the state will have to make the payment in the absence of convictions. Enriko Aav, Tax Board supervisory department head, said the sum involved may reach hundreds of millions of kroons. An advisor to the Finance Ministry disagreed, saying there is a proposal to increase the statute of limitation from five to seven years. The Tax Board has opened 600 cases in the last five years, but only several dozen have reached the courts.
Šaltinis:
The Baltic Times
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Major expansion increases capacity at Ruzyne airport
more »
Hungary sold late last week euro 1.0bn of seven-year bonds in its first issue since joining the European Union in May
more »
The new route will link Glasgow to Prague and onwards to Poland, Latvia, Lithuania, Estonia, Hungary, Russia and other Central and Eastern European destinations
more »
Russia’s Industry and Energy Minister Viktor Khristenko claimed that the situation with domestic oil major YUKOS will not decrease in investment activities in Russia
more »
Czech automakers are ready to develop incomplete vehicle manufacture in Kazakhstan
more »
Falls in unemployment and inflation will follow strong growth, says EU
more »
As a drastic measure in response to tightened US sanctions, Cuba said Monday that it will ban transactions in US dollars in the country starting Nov. 8
more »
Managers of pension fund Penzijni fond Ceske pojistovny (Czech Republic) announced they would start investing in structured products related to 300 publicly traded European companies thanks to changes in the law governing the industry
more »
Czech engineering company Skodaexport said on Monday it was the highest bidder in an Indian tender to build a $500 million coal-fired power station
more »
Bank Millennium has recorded zł.17 million in net profits during the third quarter of this year, compared to only zł.3 million in the same period of 2003
more »