3 ms·
I'm from Lithuania. The problem with percentage of GDP using for all the European countries is not very good measure. Some taxes are indeed small in Lithuania (
by daliusd 14y ago
I'm from Lithuania. The problem with percentage of GDP using for all the European countries is not very good measure. Some taxes are indeed small in Lithuania (e.g. profit tax is 15% in Lithuania and 5% for small companies) but some taxes are really big (e.g. I'm giving away 42% of my salary to government). Small salaries and shadow economy in Eastern Europe might explain why percentage of GDP looks so well but we shouldn't be used as example of small taxation (because we are not).
We are smart, we are really good working, but be ready to pay a lot of taxes if you want to establish company here. While you don't need to pay bribes at least if you are doing everything legally :)