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
After two months of steady growth, the Pengab banking-climate index, a Polish measure of the expectations of the nation’s top 200 bank managers, fell by 8.5 points to 13 in May
more »
A 5.2% rise in Croatia's Gross Domestic Product in 2002 was more dynamic in comparison to the growth rate in the neighborhood or in some other individual countries
more »
Swedish telecomms solutions provider Ericsson to supply its Ethernet DSL solution to Estonia
more »
OTP Bank, is set to take control of DSK, Bulgaria's second largest bank in terms of assets
more »
Albania and Hungary are considering spectrum allocation plans to spur private investment in each country's telecom industry
more »
How high can the euro go?
more »
EU RAISES THE BAR FOR EURO ENTRY
more »
Protective measures against cheap pork imports from Poland will come into force in the next few days
more »
TeliaSonera: EU Approves Purchasers of Comhem and Telia Mobile Finland
more »
Deflation may mean lower prices but if people don't buy...
more »