Posts tagged as tax

Indrek Neivelt: It would be good to avoid dogmas in tax debate

Friday, October 4, 2019

It would be good if the tax debate could avoid dogmas and all proposals would be given a chance. We must definitely tax polluting the environment more and introduce a tax on sugar, Indrek Neivelt said on Vikerraadio’s daily comment section. Prime Minister Jüri Ratas encouraged a public debate on taxes a few weeks ago. It was the right thing to do. Our tax system is stuck in the nineties,…

Lithuanian ministry proposes car pollution tax of up to €1,400

Thursday, October 3, 2019

The Lithuanian Environment Ministry proposes to introduce a one-off car pollution tax and tie it directly to carbon dioxide emissions. Under the draft proposal seen by BNS, the levy could range between several dozen to 1,400 euros. The tax on diesel cars would be several times higher than that on gasoline-fueled vehicles. The ministry proposed that the levy should be paid every time a car is registered or re-registered. Prime…

No quick decisions on bank asset tax, Lithuania’s finance minister says

Wednesday, October 2, 2019

The ruling bloc’s proposal to introduce a tax on bank assets in Lithuania will be extensively discussed in parliament before any decision is made, according to Finance Minister Vilius Šapoka. “Lithuanian banks are under the supervision of the European Central Bank, and they have to pay contributions to the Deposit Insurance Fund and to the supervision mechanism to ensure stability. There are many circumstances, and all the pros and cons…

Big Cleanup organizer proposes new waste tax, free-of-charge waste collection

Tuesday, October 1, 2019

Vita Jaunzeme, the chief organizer of Latvia’s Big Cleanup movement, proposes including a new waste tax in the prices of goods, which might serve as a “solution to environmental pollution”, PR specialist Gita Sauka, who previously has released information on behalf of waste management companies Eco Baltia Vide and Latvijas Zalais Punkts, informed LETA. In Jaunzeme’s words, the annual cleanup campaigns that have been held in Latvia for the past…

Lithuanian PM says his cabinet would ‘back in principle’ tax on bank assets

Thursday, September 26, 2019

Lithuanian Prime Minister Saulius Skvernelis says his Cabinet would “approve in principle” a move to tax commercial banks’ assets. “In principle, we are inclined to support, but (we need to discuss) the details and what real benefit it would have,” he told the Ziniu Radijas radio station on Thursday. The Electoral Action of Poles in Lithuania–Christian Families Alliance, which has tabled such a proposal, says the measure would bring in…

Diesel fuel tax exemption for farmers will stay, Lithuanian agrimin says

Friday, September 20, 2019

The Lithuanian government will not cancel the existing diesel fuel tax exemption for farmers, the country’s Agriculture Minister Andrius Palionis says. In his words, additional funds could be saved not by cutting the exemption but by amending the rules for awarding it. “The ministry’s position, and the government’s position, is not to take the path of cutting the tax exemption, but we want to upgrade those all cards technologically as…

Finance portal: Estonia weighing tax cut for young people, parents of young children

Wednesday, August 7, 2019

Estonia is weighing a possible change in taxation seeking to support the labor market participation of parents of young children and that of young people aged 18 to 24, according to the finance portal raha.geenius.ee information reports LETA/BNS. A survey commissioned by the Ministry of Social Affairs and the Ministry of Finance into the possible effects of such cuts will be completed in the fall. Based on the results thereof,…

Estonian Tax, Customs Board: Too soon to estimate tax receipts from tobaccoless snus sales

Monday, August 5, 2019

An Estonian importer of tobacco-free snus said that over 20,000 boxes of the nicotine product have been sold in the country over the past few weeks, from which the state has likely received some 100,000 euros in excise duty; the Tax and Customs board said that it is too early to give an estimate of the tax revenue earned. “So far, snus was only distributed by dealers in the black…

Mayor: Alcohol sale in Latvia’s Valka has fallen less than expected since Estonian tax cut

Wednesday, July 31, 2019

After Estonia’s decision to reduce its excise tax on alcohol, alcohol sales in the border town of Valka have fallen, but not as dramatically as initially expected, Valka Mayor Vents Krauklis told Latvian Radio on Wednesday morning. Krauklis said that alcohol sales have dropped by about ten percent. According to Krauklis, Estonia’s main aim in reducing the excise tax on alcohol was to regain so-called alcohol tourists from Finland, which…

US objects to French tax on tech firms at G-7 meeting

Wednesday, July 17, 2019

The Trump administration is objecting to France’s plan to tax Facebook, Google and other U.S. tech giants, a rift that’s overshadowing talks between seven longtime allies near Paris this week on issues ranging from digital currencies to trade. As finance officials from the Group of Seven rich democracies’ gathered Wednesday at a chateau in Chantilly, near Paris, U.S. Treasury Secretary Steven Mnuchin planned to take a tough line against host…