CORPORATE

How big is Lithuania’s black market?

The black market in Lithuania shrank by 1% in 2015 to 25.8% and shrank by 5% over the last decade (from 31.1% in 2005). Currently, Lithuania’s black market is smaller than Estonia’s (at 26.2%). However, […]

Loreta Graužinienė
Economy

Accessing bank account details to fight tax evasion ‘inefficient’, Seimas speaker says

Seimas Speaker Loreta Graužinienė has said she opposes recent proposals to have all commercial banks share information about account holders with the State Tax Inspectorate (VMI). […]