Corruption in Kiev: electrical booth is home to 120 companies
Published 29 July, 2008, 17:31
Huge corruption has been uncovered in Ukraine’s capital Kiev after a tax inspection found hundreds of companies which had registered illegally.
120 firms were registered in what at appeared to be nothing more than an electrical transformer booth.
The capital tax inspection also found 168 addresses with 50 non-existent companies registered with each of them.
Elsewhere, the revenue service found that 878 legal entities were registered in one room. The room is only 14 square meters, meaning each of the registered entrepreneurs only had around 1.5 square centimetres of private space.
Over 60% of the falsely registered companies either report to the revenue service in the absence of entrepreneurial activity or do not report at all, according to the State Tax Administration.
Around 30% of the companies which are registered with false addresses are about to be wound-up or put on the wanted list.
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