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Articles

Progressive Taxation: Are Taxes in Lithuania Too Low?
Economy
Progressive Taxation: Are Taxes in Lithuania Too Low?
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%.
Two Thirds of Lithuanians Lack Economic Knowledge, Survey Reveals
Economy
Two Thirds of Lithuanians Lack Economic Knowledge, Survey Reveals
As many as 81% of Lithuanians find their knowledge of economics insufficient. Making economic decisions at every step of the way, Lithuanians compare their understanding of economics to that of physics or political sciences, but find themselves less confident in economics than in computer literacy or mathematics.