Economy

The tax ceiling is not designed to strengthen the debt ceiling, as the latter has been devised so that the irresponsible governments in the future could not impose bring an unprecedented burden on the public finances.

The second lockdown in Lithuania is no different from the first one: there are no clear principles for economic relief, individual groups are fighting for their own interests, and the government is forced to constantly alleviate the emerging effects of the quarantine. But what if lockdowns persisted?

More than five years after its adoption, Ukraine\'s wood export moratorium was found incompatible with the Association Agreement (AA) and not justified under the GATT 1994. Ukraine\'s arguments were weak to prove that conservation of forests was the moratorium\'s primary goal.

Ukrainian exporting and importing businesses have recently got the much-awaited opportunity to register as Authorized Economic Operators (AEOs). This status will make them trusted companies in the country\'s Customs Office\'s eyes and considerably facilitate their cross-border trade.

With the below 101 groups from 47 countries, we celebrate World Intellectual Property Day with WIPO and the creativity, inventiveness, and entrepreneurial spirit protected by intellectual property rights around the world.

The financial wealth of Slovaks is calculated in about tens of thousands of euros, as a matter of fact, the wealth of Slovaks lies in the bricks of their houses. A house or a flat is a money-making property only for a very small number of Slovaks. Income from capital will push the inequality rate higher.

The tragedy of the commons describes the opposite situation - the property belongs to everyone, but at thesame time to nobody, although they all think that a) the property belongs to nobody, and b) they have full rights to the benefits from the property.

The European Commission (EC) is conducting an open consultation on A Fair & Competitive Digital Economy - Digital Levy. The consultation document acknowledges that digitalization has brought many benefits to the global economy, but questions are raised about revenue collection from digital businesses.

The Lithuanian government has enlisted Lithuanian Free Market Institute’s (LFMI) proposal for adopting the Estonian corporate income tax model among Lithuania\'s main tax reform alternatives.

The year 2000 was challenging not only for the global economy, but also for economists. They were also hit by the crisis: economic forecasts vanished within a day. However, the need to assess the economic situation and likely scenarios of economic development remained.