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
Russian Finance Minister Alexei Kudrin says that Russia will be able to pay off its foreign debt in full by using additional revenues
more »
Sony Computer Entertainment has decided it's better to work with Connectix, a developer of software that helps PlayStation games run on PCs, than to fight the company.
more »
The United States has banned all meat imports from the European Union following the first confirmed case of foot-and-mouth disease in France.
more »
Company cites lower mobile-phone sales
more »
The financial markets ended a rocky week lower after dour news from Intel and Yahoo shook technology stocks across the board.
more »
The biggest bicycle producer, Lithuanian-German company Baltik Vairas, grew by 27% last year
more »
Internet portal becomes a bid target after issuing profit warning
more »
Netgraphe also will receive $10 million
more »
China Shipping Container Lines Co., LTD (China Shipping), Orient Overseas Container Line Ltd. (OOCL) and Zim Israel Navigation Company Ltd (ZIM Line) have announced a new Australia-East Asia service.
more »
There will be 66.2 million active online bank accounts in Europe by 2003, up from 26.1 million in 2000, according to Datamonitor.
more »