The definition of small and medium enterprises (SMEs) is an important issue, regarding not only a number of European policies that have been set up to ensure these SMEs benefit from financial support, fee reduction, reduced administrative burden, etc.
In late June the Lithuanian Parliament adopted a law that consolidated the employer and employee base for social security contributions and significantly cut the rate of contributions.
LFMI has just released its latest paper “Labor Migration and Flexibility of Regulation for Employing Non-EU Nationals”. It addresses the economic effects of migration and implications of employing non-EU nationals and provides a cross-country legislative and policy analysis on the flexibility of hiring of non-EU nationals.
The Lithuanian Free Market Institute is pleased to announce a conference Can We Do More to Boost Lithuania’s Competitiveness?, which will be held on July 9, 2018, in Vilnius in cooperation with the Heritage Foundation and the Ministry of Economy of the Republic of Lithuania.
Regulation of retail opening hours is applicable in 14 out of 30 European countries. The range of the regulation varies widely across the countries, as evidenced by a variety of exemptions. Yet, the bans fail to achieve their objectives: a number of European countries have gone through deregulation.
Energy Taxation Directive (ETD) claims to improve the Single Market, promote energy efficiency, and contribute to jobs and growth. In reality, it fails to achieve these objectives. The research by LFMI suggests that in 2012 the grey market for fuel comprised nearly 20 percent of the market for transportation fuel.
May 23, 2018 – the symbolic Tax Freedom Day, marking the day when an average taxpayer has paid all the dues to the government and begins to work for himself, falls in Lithuania. This year the Tax Freedom Day comes on the same day as in the last year, according to the Lithuanian Free Market Institute (LFMI).
May 11, 2018 – today Lithuania commemorates the Respect for Taxpayers Day for the first time. On this occasion, the Lithuanian Free Market Institute (LFMI) and partners present the Charter of Taxpayer’s Rights, taking the opportunity to remind that taxpayers have not only duties to observe but also rights to enjoy.
On March 13, 2018, the Lithuanian Free Market Institute held Lithuania’s first National Economics Exam for pupils, university students, and everyone interested in measuring their knowledge of economics. Over 6,500 people from all over the country took part in the exam.
With several policy proposals on introducing a progressive taxation model put on the table, the upcoming parliamentary session in Lithuania is sure to become a heavily debated one. In fact, every tenth taxpayer is threatened with higher tax burden as personal income tax might increase from a flat 15%up to 20%.