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State loses billions in tax fraud 

Jump to full article: Slovak Spectator International Weekly (sk), 2004-07-06
Author: From press reports

Intro:

PRODUCERS and retailers of tobacco products estimate tobacco excise tax evasions reach between Sk4 billion (100 million) and Sk7 billion (175 million) annually, while spirit excise tax evasion is estimated at hundreds of millions of crowns, the private news agency SITA wrote.

According to an analysis prepared by the Finance Ministry, the problem with tobacco and tobacco products lies mainly in smuggling from Slovakia's eastern neighbour Ukraine, where the tax on such products and their final price is significantly lower than in Slovakia.

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