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
MOSCOW, MINSK AGREE TO BYPASS LITHUANIA
more »
Lithuania dramatically advances in ranking of countries with free economy
more »
Estonia takes calmly Germany's wish to set a transition period for free movement of labour for new member states of the European Union
more »
The Kiev port facilities allow of handling over 30 million tons of cargo annually.
more »
Crude prices surged into 2001, as the world's biggest oil exporter demanded action to support prices, and the US cold snap dumped one foot of snow on New York.
more »
The Greek drachma will be traded in for the euro
more »
Lithuania reported the highest minimum monthly wages among the Baltic States for November
more »
Microsoft may find no white knight in George W. Bush.
more »
Sony, the electric appliance giant, said it will form a joint venture with its financial unit and nine other companies to launch the electronic prepaid Edy money card using Sony-developed technology.
more »
The trial is to take place next year.
more »