International Internet Magazine. Baltic States news & analyticsThursday, 09.09.2010, 15:40
Dombrovskis: if ministry spending is not cut, taxes will be increased
08.09.2010If the ministries do not find an opportunity to reduce spending, it will be necessary to increase budget revenue through tax increases. "One thing is clear, that we cannot simply do nothing," said Prime Minister Valdis Dombrovskis (New Era) on this morning's edition of the LNT show "900 Seconds".
Keyword tags: Budget, Financial Services, Latvia, Taxation
Tax debts of Estonians fall a bit in September
08.09.2010According to Estonian Tax and Customs Board, tax debts amounted to 6.2 billion kroons at the beginning of September 2010, while in July and August the tax debt total was still 6.3 billion kroons, LETA/National Broadcasting reports.
67.5% planned tax revenue collected in Estonia in 8 months
07.09.2010According to the Tax and Customs Board, the tax revenue collected by the end of August 2010 amounted to 41.7 billion kroons, which is 67.5% of the revenue planned for the entire budgetary year, LETA/Postimees Online reports.
Increasing social costs threaten Estonia’s 2011 budget
03.09.2010The plans of Estonian ministries for the year 2011 are being revealed in the course of budgetary negotiations and hence the state budget for the year 2011 is also being formed; as usual the ministry of social affairs has the biggest gap between the amount of requested funds and the amount that ministry of finance has earmarked for it, LETA/Postimees writes.
Ansip: no plans to raise taxes in 2011
02.09.2010Prime Minister of Estonia Andrus Ansip stated that the State tax revenue has not been reaching 2010 year’s level for years, writes LETA/Postimees Online.
Latvian politicians promise not to increase taxes, but intend to change tax system
Representatives of Latvian leading political parties standing in autumn's 10th Saeima elections in 2010 promise not to increase the overall tax burden; however, the parties intend to make internal changes to the tax system, in order to move the tax burden from labor onto consumption.
Estonian Retailers Association: rushing Tallinn’s budget is unethical
Estonian Retailers Association said on Wednesday in a statement that including planned revenue from municipal sales tax in the 2011 budget of Estonia’s capital Tallinn is unethical and shows the attitude of the city government towards consumers, businesses and the development of the state.
Free movement of services: additional consultations in the EU
