Lithuania’s tax system is ranked the sixth most competitive and neutral in the OECD according to the Tax Foundation’s International Tax Competitiveness Index 2020 which was released on October 15.
Have you ever been told you cannot put a price on peace, love, etc.? It’s a lie. Everything has a price, albeit not necessary a monetary one. Failing to understand this usually leads to a failure in securing one’s goals. This is why we need to talk about the price of victory.
In light of COVID-19 governments around the globe are juggling between ensuring business liquidity and preserving workplaces. Most countries have taken the approach of increasing regulations and tailoring them to the topicalities.
The COVID-19 pandemic has already inflicted severe damage on the Ukrainian economy despite relatively mild public health implications so far. The number of new COVID-19 cases seems to have stabilized over the last few weeks.
The COVID-19 pandemic has not only limited our liberties, but also liberated creativity. Vilnius mayor and LFMI’s ex-president has allowed turning the whole city into a giant outdoor café and let businesses to exploit parks and squares for this purpose.
There are relatively strict and complex state aid rules applied across the developed world. In the EU database alone, there are no less than 33,000 such cases of reported or investigated state aid cases in the last 20 years.
The “you-know-what” brings out the worst in governments. It is one of the rare occasions that the military is used domestically. In some countries, it oversees the operation of strategic institutions and businesses.
To stop the coronavirus, most countries ceased almost all economic and social activities. As a first response to prevent an exponential growth of cases, this was probably justified. However, we will not be able to bear the costs of such a complete shutdown for a very long time.
Global trade growth has been in a slowdown for a decade. Contributing to the trend is a recent rise in protectionist policies, particularly in the United States. On top of it, Brexit, no matter in what form it takes, is projected to decrease trade volumes.
Today, about 100,000 Lithuanians take advantage of this opportunity to legally supplement their income—but starting a small business hasn’t always been so simple, and the threat of losing this tool that helps entrepreneurs like Ona succeed is very real.
