International Internet Magazine. Baltic States news & analytics
Thursday, 26.05.2016, 13:41
Experts: introducing taxes proposed by EC not to be of use to Lithuania
Analyst Aleksandras Izgorodinas asks to pay attention to the fact that the benefit of the above mentioned taxes is notably small in the whole budget revenue context, writes LETA/ELTA.
In order to markedly increase tax revenue and reduce budget deficit, the government should improve the administration of taxes, such as VAT, excise, personal income tax and income tax as well as to consolidate fighting against black economy.
Low proportion of the budget revenue and GDP in Lithuania is not due to low taxes but because of the tax evasion, Izgorodinas said.