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
The French would like to actively invest in Lithuania's heating, transport, energy and other sectors.
more »
The European Union will open a European Anti-Fraud Office (OLAF) in Poland next month to work in collaboration with Polish customs inspectors.
more »
Hungary played down Tuesday the significance of a German proposal to restrict the rights of workers from EU candidate states for a seven-year-transition period
more »
Attributing the change to increased business demand for Windows 2000, Microsoft next year will end volume discounts for consumer versions of its Windows operating system.
more »
Oil and gas deliveries to Europe were a key subject of the Sunday [17 December] talks between the presidents of Ukraine and Poland
more »
Chase Manhattan Corp. to purchase J.P. Morgan
more »
Russian government has received several proposals concerning the reorganization of the country's major concern, gas giant Gazprom.
more »
Natural gas prices are up nearly 400 percent compared to a year ago.
more »
Charm of e-commerce united two Lithuanian market leaders – in banking and insurance
more »
The Grinch may steal Christmas after all, at least for leading computer makers.
more »