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
Expectation Fed May Raise Rates Faster
more »
The number of accounts handled by Internet-based banks in Poland has exceeded one million
more »
ZARA, the leading world retailer of ready-made clothes, has signed a franchise agreement with the Lithuanian company Apranga
more »
Gazprom Wants to Edge Natural Gas Prices toward USD 60 per Cubic Meter
more »
Millennium Bank brandishes blueprint for better business
more »
TeliaSonera Sweden to build communications platform for Swedish police
more »
Nokia is Finland's biggest success story
more »
Austrian bank Raiffeisen Zentralbank Oesterreich Aktiengesellschaft and HSBC Bank from the United Kingdom plan to start their activities in Lithuania
more »
The Polish government has announced plans to grant its coal industry 9.5 billion zlotys (two billion euros) worth of aid between 2004 and 2010
more »
Lithuanian Prime Minister Algirdas Brazauskas said that Lithuania should not hurry to replace its national currency, the litas, with the euro
more »