Archive for the ‘News’ Category

Tax authority to get tough with chronic tax debtors

the big joke… how MTA discovers this !!! after closing the eyes for so many years



gon Veermäe, deputy head of the Estonian Tax Authority, said yesterday that more than 150 companies systematically owe tax, writes Äripäev.

Veermäe said that the authority plans to introduce measures this year to reduce tax arrears which means that such companies that have chronic tax debts could be filed for bankruptcy by the state.

“We have analysed our receivable portfolio and seen that these companies have ongoing business activities, but do not pay tax as required. This year the state will take decisive measures against such companies,” he said, adding that the law has always allowed the tax authority to get tough on companies with tax arrears, but in practice it has been seldom used.


Veermäe said that the combined tax debt of such companies grows in average by EUR 12m.

According to the tax authority, of about 18,000 new companies that were set up last year, around 5,800 started actual activities. Of them, about 600 or 12% are considered tax risks and could have been set up for various tax fraud schemes.

Of new companies set up last year, 28% paid tax in the total amount of EUR 15.5m.

Veermäe said that the tax authority is keeping an eye also on 300 high-risk enterprises.

“These problem companies cause the state to lose about EUR 70m a year,” he added, mainly as a result of VAT fraud and unreported salaries.

“This year, like last year, we plan to concentrate on those who inflict the biggest tax damages and that in our priority areas like construction, used car sales, forestry and food service and accommodation establishments,” he said.

Marek Helm, general director of the tax authority, says that VAT fraud remains a priority concern area and that 70% of the agency’s auditing resources is spent on VAT issues.

Last year tax authority collected EUR 4.76 billion in taxes which is 2.3% more than the 2012 target. This year’s target is a little more than 5 billion euros.



Margus Vaino Santa Monica AS Director – criminal cases opened

We have received information, that Margus Vaino, Santa Monica AS director has several criminal cases lately opened against him after he tried to racket and extort large sums of money from a foreign investor; he has committed several of private property invasions and harmed physically the mentioned businessman in front of a number of witnesses.

Definitely, during this period of crisis, all the ways seem to be good to make money in Estonia. After fraudulent bankruptcies with the shamelessly hijacked assets just like it happens each day in Estonia, it seems that old good mafia methods are again becoming popular.

Margus Vaino does not seem at his first time to get protection because his enterprise seems to be a supplier of Estonian secret police.

Invest Estonia investigates for you and we will certainly keep you informed – another dirty story that does not encourage investment into this imitation of a civilized country.

Margus Vaino Santa Monica AS direktor – kriminaalmenetlus algatatud

Meieni jõudis info, et Margus Vaino, Santa Monica AS direktori vastu on hiljuti algatud krimnaalmenetlust seoses sellega, et ta on teinud mitu väljapressimiskatset.

Eelmainitud isik nõudis välismaiselt investorilt suurt rahasummat, ta olevat samuti mitmekordselt tunginud eraomadisse ning tekitanud füüsilist kahju sellele isikule mitme pealtnägija juuresolekul.

Näib tõesti, et Eestis on majanduskriisi perioodil «papi lõikamiseks» kõik vahendid head. Pärast petlikke pankrotistumisi häbiväärselt varastatud aktiividega, mis on igapäevane asi, on nähtavasti head vanad maffia meetodid on jälle moes.

See pole, vastavalt saadavatele andmetele, Margus Vaino esimene kord kaitset saada – tema firma on KAPO tarnija.

Invest Estonia uurib asja Teie jaoks ning me lubame hoida Teid kursis – veel üks räpane lugu, mis ei ajeta investeerima sellesse tsiviliseeritud riigi imitatsiooni.

SEB employees are selling rich clients and companies information and account details

SEB. its employees sell rich clients and companies information and account details to any one for even 500 eek.Few brilliant thieves in SEB are Kairit Kirs, Eduard , Terje Reimann,Karin Kirs and list is endless.

Tallinn, Vilnius battle for title as Europe’s murder capital

Tallinn has come out second just after Vilnius by number of murders per 100,000 people from 2002 until 2008, according to figures released on Tuesday by the EU’s official statistics agency, Eurostat.

In a report on crime trends over recent years, Lithuania saw an average 8.76 murders per 100,000 heads of population every year during the period 2002-8, Eurostat said, making Lithuania the EU’s murder capital by some margin.

Another Baltic state, Estonia, recorded the second-highest level with 6.6 murders per 100,000 residents. Complete data was not available for Riga, but incomplete figures suggested a similar rate to that of Estonia.

‘The figures suggest that Lithuania and Estonia have by far the highest incidence of homicides. The only other countries reporting more than two cases a year per hundred thousand population were Finland, Bulgaria, Scotland, Romania, the Czech Republic and Ireland,’ Eurostat reported.

The lowest murder rates were observed in Austria, Slovenia and Germany, all of which had less than one homicide per 100,000 of population.

On a more positive note, Lithuania was also amongst the EU states that saw one of the largest drops in levels of violent crime during the same period.

The data involved in the survey included murders, causing fata bodily harm with intent, euthanasia and murdered children.

Why not investing in Estonia ? look how stupid is the prime minister

Construction companies suspected of large-scale fraud

Owners of two Estonian construction firms Wolmreks Ehituse and Kristiine Ehituse are suspected to have masterminded a scam causing the state and subcontractors to lose millions, writes