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
Some U.S. online companies could soon be required to take on a new role: tax collectors for the European Union.
more »
Ukraine's parliament fails to approve anti-piracy bill in second reading
more »
In Europe it's hard to avoid a steady buzz of controversy over the arrival of the euro as official currency on Jan. 1, 2002
more »
The aggregate cargo turnover of the 8 largest ports on the East Baltic comprised over the 10 months 2001 130.06 million tons.
more »
Ukraine has become a leading source of pirate CDs
more »
IBM Australia has confirmed that it aims to pull completely out of the retail PC business in Australia by the end of February.
more »
Finnish furniture retail company Indor Group OY with its two furniture retail networks Asko and Sotka plans to open two furniture shops in Lithuania next year.
more »
New Gazprom head Alexei Miller who was installed by the Kremlin in May announced a management overhaul on Tuesday
more »
Russia's Interpol department stated that it revealed an unprecedented international finance fraud during an investigation into Russia's energetic assets and USA's federal reserve system.
more »
Another Finnish telephone manufacturer, Benefon, has joined the Philippines' mobile communications market fray
more »