Ahead of the oncoming winter, Finland could face serious problems. Millions of Finnish children may be left without gifts at Christmas. The reason is trivial but incomprehensible - the residence of the Finnish Santa Claus owes whopping €206,000 in taxes. According to court documents, the company is declared bankrupt. Importantly, this decision was not a surprise. Representatives of the Tax Inspectorate of Finland sent a notification to Santa’s Office earlier this spring. Taxmen explained the substance of the matter and warned the company, which fulfils the dream of children and their families from all over the world to meet Santa Claus in person, of bankruptcy. Investigators ordered the company to pay off €206,000 of debts. However, not all wishes would come true. Finally, representatives of the tax administration submitted the case to court and won a suit. Commenting on the judgment, the company's management noted that they hoped for revision of the court's decision. Over the past year, the company's financial turnover came in at $2 million, and the total number of staff includes 20 people. Probably, Joulupukki's assistants will be involved not in preparing for Christmas but in finding money to pay off debts. Although, it will be difficult to do. A significant part of the residence visitors consists of Russian tourists, who cancelled New Year's trips abroad due to the economic downturn in the country.