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
Microsoft has made its stand clear. Everything is an economic transaction.
more »
Even venerable brokerage Merrill Lynch can't keep an Internet mutual fund alive.
more »
Eastman Kodak Co. Monday moved to expand its online photo offerings with a definitive agreement to acquire Emeryville, Calif.-based Ofoto Inc.
more »
Jo Lernout and Pol Hauspie, co-founders of Lernout & Hauspie Speech Products, will be detained in jail for a month while an investigation into fraud and stock-price manipulation continues, the public prosecutor in Ieper said.
more »
During the three-day exhibition "Wincor World 2001", which took place in Paderborn in Germany, partners and clients of "Wincor Nixdorf" company (representatives of the biggest banks in the world) were being acquainted with the newest solutions for cash dispensers and with new tendencies in self-service equipment production.
more »
‘c2it’ will be available to MSN network users
more »
DVD drive manufacturers are hoping that some of the magic that has made recordable CDs a big hit with consumers will rub off on their efforts to make recordable DVDs a mainstream technology.
more »
Fed chairman says economic slowdown will not constrict productivity gains
more »
The Hansabank Group controlled by Swedish Svedbank and the Lithuanian State Property Fund signed an agreement for the purchase of Lietuvos Taupomasis Bankas.
more »
Compaq, Microsoft, others team up on financial services venture
more »