Posts published in Day: December 14, 2019

Bank tax hike may be unconstitutional, Seimas lawyers warn

Saturday, December 14, 2019

The proposed hike in the corporate income tax rate for banks, currently under debate in the Lithuanian parliament, may run counter to the constitutional principle of equality, the Seimas’ lawyers have concluded. The draft amendments that passed the second reading in the parliament on Tuesday propose taxing a bank’s earnings above 2 million euros at a 20 percent rate, up from the current 15 percent. The amendment was tabled in…

Tax on polluting cars makes headway in Lithuanian parliament

Saturday, December 14, 2019

The Lithuanian Farmers and Greens Union’s initiative to tax polluting cars is making its way through the parliament. The proposal calls for imposing a levy ranging from 13.5 to 540 euros on vehicles with CO2 emissions over 130g/km, except for vintage cars, starting next April. It would have to be paid every time a car is registered or reregistered. The bill passed the second reading in the Seimas on Friday…

Jamal Khashoggi: US spy chief given deadline to name Saudi writer’s killers

Saturday, December 14, 2019

US intelligence agencies will be given a month to make a formal declaration on whether the Saudi crown prince, Mohammed bin Salman, was responsible for the murder of the Saudi dissident and Washington Post columnist, Jamal Khashoggi. The annual military spending bill, known as the National Defense Authorization Act (NDAA), was passed by a large majority in the House of Representatives on Wednesday and is expected to be approved by…

Elections, Joker and Chernobyl: what Lithuanians googled most in 2019

Saturday, December 14, 2019

A lot can be gleaned about a year from people’s internet search history and, in 2019, Lithuanians were preoccupied with elections, music and hit TV series, according to Google’s report about this year’s most trending searches. Vytautas Kubilius, the head of Google for the Baltic states, says the most googled phrases in Lithuania reflected local events: elections, presidential candidates, Lithuanian performers and domestic events. “Granted, Lithuanians did not stray far…

Latvian municipal companies caught in US sanction turmoil

Saturday, December 14, 2019

The US has on December 7 placed the long-time mayor of Venspils, Aivars Lembergs, under sanctions. Companies controlled by Lembergs were also targeted, including the Ventspils Development Agency (VAA), which depended on funding from the state and municipality. According to  BNN  , membership in the VAA is not cheap, yet its membership attracts state and municipal companies such as Ventspils University College, Latvian Olympic Committee, and others. The fact that…

After brutal killing in Lithuania, family demands life sentences for three men

Saturday, December 14, 2019

The prosecution and the victim’s family are seeking life sentences for three men standing trial for the murder of a young woman in 2017, Prosecutor Gintas Ivanauskas told reporters on Thursday. Ieva Strazdauskaitė was reported missing in March 2017 after she disappeared on her way from her parents’ home in the northwestern town of Plungė to Vilnius. After several days of intensive search, her body was found in the central…

Lithuania not ready to ‘swallow huge green economy bite’ – president

Saturday, December 14, 2019

Lithuanian President Gitanas Nauseda, currently in Brussels, said on Friday he would seek to ensure significant EU funding for the implementation of goals aimed at fighting climate change. “Our country is not ready to immediately swallow such a huge green economy bite and therefore we will need assistance, significant assistance,” Nausėda told journalists following EU leaders’ discussions. “The money will go to economic sectors that will become less polluting and…