Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

A Competitive Flat Tax Spreads to Lithuania

by Alvin Rabushkavia russianeconomy.org
Wednesday, November 2, 2005

On June 7, 2005, Lithuania's Parliament approved a major reduction in the country's personal income tax law, cutting the 33% flat rate on wages and salaries to 27% from July 1, 2006, and to 24% from January 1, 2008.