Tax cheats took billions from Ukraine
In this May 23, 2014, photo, Ukrainian protesters hold banners outside the tax ministry in Kiev. They say that their countrys new government isnt doing enough to fight tax fraud, which is thought to have squeezed billions of dollars out of their countrys budget. Tax officials acknowledge that some corruption remains in place but say their limited in terms of how quickly they can move. Sergei Chuzavkov/The Associated Press
Posted: Tuesday, June 10, 2014 11:04 am
KIEV, Ukraine — As Ukraine’s tax chief tells it, the billion-dollar theft was planned at a see-through plastic table in a vault of sound-proof steel.
The table and six matching transparent chairs sit in a secret chamber on an upper story of the Tax Ministry in Kiev. It was the epicenter, he and other tax officials say, of a massive fraud suspected of squeezing 130 billion hryvnias ($11 billion) from Kiev’s coffers over the past three years — an amount equal to more than half a year’s tax revenue for the entire country.
Tuesday, June 10, 2014 11:04 am.