Open AccessTax System and Conditioning of Business Environment in Lithuania
Author(s) -
Aleksandras Vytautas Rutkauskas,
Manuela Tvaronavičienė
Publication year - 2000
Publication title -
ekonomika
Language(s) - English
Resource type - Journals
eISSN - 2424-6166
pISSN - 1392-1258
DOI - 10.15388/ekon.2000.16917
Subject(s) - value added tax , profit (economics) , tax reform , tax credit , indirect tax , economics , business , ad valorem tax , public economics , accounting , microeconomics
In this article an officially declared direction of a future tax reform is discussed. The main emphasis is put on the examination of a role of a profit tax in conditioning of contemporary economical environment of operating business firm and impact of consumption taxes on a behavior of various participants of market. International practice of imposing a profit tax and a value added tax (VAT) is considered and international comparisons are made. The article argues for introducing a progressive profit tax and reducing value added tax.