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
Templates ready to install at Statoil's Kristin field in the Norwegian Sea
more »
German finance minister under fire as budget gets out of hand
more »
EBRD meeting puts focus on Central Asia, NGOs
more »
Swedish furniture group IKEA is transferring its subcontracting operations away from Estonia to Lithuania, because Lithuanian furniture producers offer better costs
more »
Eesti Telekom sees rise in quarterly profit
more »
Renewed negotiations coincide with state's effort to sell telecom
more »
For several years the position of Polish exporters on the markets of the former Commonwealth of Independent States has been clearly weakening
more »
Ice conditions postpone start of hydrofoil and catamaran traffic to Tallinn
more »
Hansabank: Lithuanian Hansabankas' Results, Q1 2003
more »
Germany's Lufthansa said Tuesday it is idling 15 planes on intercontinental routes and cutting working hours for ground staff in an effort to cope with the impact of the SARS virus, the war in Iraq and a slow economy
more »