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LFMI

ABOUT LFMI
The Lithuanian Free Market Institute (LFMI) is a private non-profit non-partisan organisation established in 1990 to promote the ideas of individual freedom and responsibility, free market, and limited government.
Exemption That Creates Red Tape
Economy
Exemption That Creates Red Tape
Estonia, Latvia, and starting from this year Poland (partly) are taxing profits earned by companies only at the dividend payout time. Such a model promises to raise both domestic and foreign investment, and it can help the economy recover from the crisis more quickly. The opponents of this taxation system in Lithuania argue that various benefits, which alleviate the burden on business and encourage investment where it is most needed, are already in place.
Tax Benefits: Search for System in Maze of Exceptions
Economy
Tax Benefits: Search for System in Maze of Exceptions
The Ministry of Finance has undertaken a systematic review of tax benefits. This job will not be easy but it makes sense to look at tax benefits in difficult situations. At first glance, it might seem that there are not many tax benefits so they can be examined and sorted in one sitting. Sadly, this is not the case. There are many different benefits which are advantageous to some citizen groups but annoy the others.
Challenges of Timeless Ageing
Society
Challenges of Timeless Ageing
Today, the most worrisome problem is the pandemic and its management. The second problem is the effects of the pandemic on the economy and people. Other issues that seemed fundamental until recently, have been moved to the bottom of the agenda. But they did not disappear. One of those problems is population ageing. It continues, as it did before the pandemic, in Lithuania and all the Western world.
Greater Flexibility Is Path Towards Better Access to Medication And Innovation
Economy
Greater Flexibility Is Path Towards Better Access to Medication And Innovation
The European Commission has launched an initiative on the evaluation and revision of the general pharmaceutical legislation with an overall aim to ensure a future-proof and crisis-resistant regulatory system. The revision is intended to ensure access to affordable medicines, to foster innovation, including in areas of unmet medical need, to improve security of supply and address shortages, to promote technological development and to reduce red tape.
Quarantine as Double Punishment
Economy
Quarantine as Double Punishment
The justice of compensating for the quarantine is once again one of the main societal concerns. Previously made mistakes are leading to more and more flawed interpretations and force us to go back to the origins of the crisis. Did companies, which received \"quarantine relief\" from the government, have a right to breathe, move and change? In economic terms, it means to pay, invest, purchase, trade and transfer.
LFMI Is Sharing Factors of Success about Award Winning <i>Economics in 31 Hours</i> Textbook
Think Tank News
LFMI Is Sharing Factors of Success about Award Winning Economics in 31 Hours Textbook
The OECD claims that financial literacy is a significant skill in participating in modern society. Pupils should be improving their financial knowledge as early as possible to become active agents of their abilities to plan simple finances. Kids should learn how to plan their spendings and savings and how to build responsible financial behavior.