Restrictions on cash payments are in place in many countries around the world and an EU-wide restriction is looming. However, cash plays a number of important roles in the economy. To counter the one-sided public discussion about cash, INESS published in English Why to Keep the Cash Economy.
LFMI’s tailor-made research publication identifies the most significant policy decisions that have provided a boost for the country’s economy by reducing bureaucracy and regulation as well as those which have hindered the progress and examines party voting patterns on the policy decisions under discussion.
The goal of the project was to unfold and analyze the composition, causes and consequences of the shadow economies in Lithuania, Latvia, Estonia, Poland, Sweden and Belarus and to draw policy recommendations for tackling the shadow economies in the respective countries.
The Lithuanian Free Market Institute has prepared and published a handbook on public policy analysis “Ownership, Economic Activity and Environment: a Concise Guide to Coordination and Agreement” specifically designed for local community needs in Lithuania.
Ukraine introduced value added tax (VAT), which is one of the essential sources of fiscal revenues in many countries, in 1992. The tax became important for Ukraine’s economy as it brings about one third of consolidated fiscal revenues and accounts for near 10% of GDP. However, with years the tax became known for poor administration and fraud. Some loopholes in the administration relate to numerous VAT privileges and exemptions.