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
Criminals taking advantage of online banking, Gartner says
more »
Irish buyers who have invested in Budapest in recent times will be pleased to hear that the Hungarian national airline Malev has made the city more accessible
more »
The European Union is ready to finance the closure of the Armenian Nuclear Power Plant
more »
The World Bank’s Board of Executive Directors had discussed a new Country Partnership Strategy (CPS) for the Slovak Republic for 2005-07
more »
The World Bank and the Government of Uzbekistan signed a grant agreement of US$517,000 on 10 June to support agricultural reforms in the country
more »
Hungary's inflation rate rose to 7.6 percent year-on-year in May, exceeding market expectations and trimming hopes of an early rate cut
more »
They fear balance sheets could be hit with billions of euros of potential losses from derivatives
more »
Estonia to reject TeliaSonera's offer for Eesti Telekom
more »
President Georgi Purvanov of Bulgaria received Alexei Miller, Gasprom boss, in Varna on the Bulgarian Black Sea coast
more »
Bank BGŻ (Poland) announced on Friday that two consortia are negotiating the purchase of its shares
more »