Unexpected gap

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.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

The Pavilion for Sale

The pavilion of Lithuania at EXPO 2000 became not only the proud of the Republic but its headache, too. more »

Disappointed shareholders

Lithuania's troubled initial public offering of a 25 percent stake in Lithuanian Telecom has gone from bad to worse. more »

Oracle chief defends Microsoft snooping

Oracle chief executive Larry Ellison Wednesday defended his company's decision to hire detectives to investigate two research groups that supported Microsoft during the antitrust trial. more »

European Central Bank holds interest rates steady as expected

The European Central Bank left its interest rates unchanged as expected on Thursday after its regular council meeting. more »

No More Free Gas For Ukraine

The Russian Gas monopoly Gazprom intends to take action in order to force The Ukraine to pay for gas and stop the country from exporting it to Europe. more »

Privatization in Lithuania: Steamship Company

One of these days the winner of the competition on privatization of the Lithuanian steamship company (LISCO) was determined. more »

Key Kremlin official elected Gazprom chairman

The first AGM of Russian gas giant Gazprom took place on Friday. more »

A report by the U.N. Development Program

Czech Republic ranks 34th place in U.N. human development index. more »

Poland's PZU going public

Poland's government decided Tuesday to sell another 20% to 25% of the country's largest insurer, Powszechny Zaklad Ubezpieczen SA, or PZU, in a public offering. more »

Yahoo's Switch to Google Won't Sink Inktomi

The search engine says it still has plenty of customers to remain afloat. more »