The Dél Alföld directorate of the Hungarian tax office APEH estimates that tax payers use private loans to cover up unaccounted for income in 80% to 90% of cases, writes Gazdasásgi Rádió. Of the many loans that were found never to have taken place, some were supposedly issued by by dead people, fictitious persons and by individuals who did not even know their debtors. An announcement by Gabriella Németh, spokesperson of the directorate, says that both the tax payers and those signing the loan agreements must bear the legal consequences of these transactions. A recent round of 500 wealth inspections found problems in 70% of cases and uncovered a tax shortfall of nearly Ft 3 billion (€12 million) in the region.
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Tax dodgers boost wealth with loans from the dead
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