International Internet Magazine. Baltic States news & analytics
Thursday, 20.06.2013, 09:48
According to the data of Lithuania's Ministry of Finance, in January-May 2013 the national budget collected a total of LTL 8.3 billion (EUR 2.4 billion) of revenues, which was by LTL 77,4 million (EUR 22.4 million) or by 0,9% less than projected, writes LETA/ELTA.
Keyword tags: Budget, Financial Services, Lithuania, Taxation
According to the Ministry of Finance, the Estonian state budget collected revenue of 3.08 billion euros in the first five months of the year, writes Äripäev.ee/LETA. This is 41.1% of the total amount planned in the 2012 budget.
Yesterday, on the sidelines of the ''Freedom Online Conference'' in Tunis, Latvian Foreign Minister Edgars Rinkevics met with the Foreign Minister of Tunisia Othman Jerandi, LETA was informed by the Foreign Ministry's information and public relations department.
The European Union is a full member of the G-8, alongside other EU members, e.g. France, Germany, Italy and the UK; thus the EU remains committed to play an active role in the G-8 meetings. The “3-Ts” agenda means trade, taxation and transparency, i.e. the issue that have been in the EU agenda recently.
The doubts of sceptics on the ambitious plan to reform Lithuanian tax system from the bottom up were confirmed. "Considering the proposals on changes in tax, I tend to agree with those who said that is to better to do nothing at all than do like this", said Senior Analyst at Danske Bank Violeta Klyviene, informs LETA/ELTA.
Reducing personal income tax rate would do good to a large part of Latvia's residents, not just those whose incomes are considered high, World Bank's senior economist Emily Sinnott said in an interview with LETA.
The Commission’s new proposal is aimed at extending the automatic exchange of information between EU tax administrations, as part of the intensified fight against tax evasion. Under the proposal (in effect from January 2015) dividends, capital gains and other forms of financial income and account balances, would be added to the list of categories which are subject to automatic information exchange within the EU.