taxes

The presidential project of the fiscal ordinance was supposed to improve this complex situation. The uncertainties in regulations were supposed to be interpreted in favour of the taxpayers. In other words, the responsibility for legal errors (bungles) would lie on the national state and not on physical persons.

Every one of us pays taxes daily and yet only a few could tell how much exactly they pay in taxes per month or per year. The Lithuanian Free Market Institute (LFMI) launched a new tax calculator “Moku mokesčius” (“I Pay the Taxes”), which not only allows Lithuanians to see how much they pay in taxes but also shows how their money is then spent.

The \"Flat Tax Era\" in Slovakia came to a definite end on 1st January 2013. Corporate tax rate of 23% (highest in the whole Central and East European Countries region by the way) became valid instead of the 19% rate. This was considered to be the last nail in the flat tax coffin.

During the global financial crisis, public pensions in Lithuania were cut to reduce further strain on the government budget. The Lithuanian government is now considering backpaying these pensions.

The goal of the project is to explain that there ain’t no such thing as a free lunch provided by state and to inform general public on the costs of the public services by using this specific visual form. It uses per citizen calculation (including children and retirees), that enables better understanding of each taxpayer´s share on financing the public services.

Hence, socialism, communism, Nazism etc., based on sacrificing the individual for the good of society, collapsed in conflict with objective morality.

Paradoxically, the Slovak remake of the clip received more views in two days than official European Commission video in 6 months.

Lithuanian Free Market Institute (LFMI) introduces a new periodical publication “Lithuanian Shadow Economy“. The publication provides data about shadow economy in Lithuania and more specific data and insights in alcohol, fuel and cigarette markets.