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OECD Proposes Tax Reforms For Lithuania

by Ulrika Lomas, Tax-News.com, Brussels

13 March 2018


The OECD has said in a new report for Lithuania that the country needs to be raise indirect tax revenues to boost the economy's potential and fund welfare projects.

In its review of labor market and social policies for the country, the OECD said to boost social spending and finance active labor market programs, tax revenues need to be raised. It recommended that changing the tax structure to make the personal income tax system more progressive would help lower inequality, as would introducing higher property, capital gains, and environmental taxes.

Finally, it recommended increasing tax subsidies for the public pension system to limit the rise in old-age poverty.

TAGS: environment | tax | environmental tax | Lithuania

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