publication

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.