LFMI

Possibility to set statutory VAT rate below 15% for a wider set of different goods and services may lead to lower effective VAT rates in various Member States. Therefore, countries, which have fewer exemptions and/or reduced rates, may maintain the same principles of taxation but lower their standard VAT rate.

London, March 14, 2017. Lithuanian Free Market Institute’s economics textbook for upper secondary schools Economics in 31 Hours receives the Educational Learning Resources Award at the London Book Fair’s International Excellence Awards, becoming first Lithuanian publication to ever receive this award from the world’s leading publishers.

The colloquium will consist of four topic-specific sessions, on monetary policy, entitlement policy, labour market policy, and the nanny state. Each session will start with an introductory presentation by the Lithuanian Free Market Institute and will be followed by a moderated discussion.

The Lithuanian Free Market Institute was shortlisted among three finalists for this year’s award for its textbook for upper secondary school students Economics in 31 Hours. The Educational Learning Resources Award recognizes excellence in innovation, pedagogical value and practicality of educational resources.

Ranked 16th in the annual Worldwide Index of Economic Freedom by Heritage Foundation, Lithuania surpasses Latvia, but falls behind Estonia. In fact, economic freedom in Lithuania is in a much better shape than it is in the neighboring Latvia (20th) and Poland (45th), but much weaker compared to Estonia (6th).

If a person works, strives and believes in being primarily responsible for his/her own destiny and not someone else, if that individual plans own finances, saves up and at least tries to escape from the “from pay to pay” circle - such a person is considered as the middle class or has all the potential to become it.

It would seem that freedom unites people, gives them a sense of community and a common denominator. However, freedom may embrace many incompatible things. If we truly wish to be free, we must be able to differentiate between the concepts of liberating freedom and binding freedom.

Ridesharing has become particularly attractive for passengers and increasingly more drivers engage in ridesharing as an extra source of income. Despite the rise in popularity, accusations of market anarchy prevail. The important thing to do is not to give in to false information.

Ranked 12th in Central and Eastern Europe, LFMI maintains firm position in the annual Global Go To Think Tank Index by the University of Pennsylvania. LFMI remains the leading free-market think tank in CEE. This year LFMI was listed among the top 150 think tanks in the global ranking and among the top 100 independent organizations in the world.