Posts tagged as stimulate

Lithuanian president suggests temporary cuts to income tax to stimulate economy

Tuesday, May 5, 2020

The Lithuanian President is suggesting temporarily cutting the income tax so as to speed up economic recovery from the coronavirus-induced crisis. President Gitanas Nausėda discussed the option during a discussion with economists last week, according to his adviser Simonas Krėpšta. “The discussion included one of the options, ideas – to reduce the income tax temporarily until the end of the year […] for all employees in a very horizontal manner,…