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Tax cheats took billions from Ukraine

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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.

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