German companies pay three times more taxes than in Lithuania, where the tax burden is the lowest among the new EU members
Published:
13 October 2004 y., Wednesday
German companies pay three times more taxes than in Lithuania, where the tax burden is the lowest among the new EU members.
Such conclusions of the research were reported by international auditor Ernst & Young and the Manheim-based European economic research centre ZEW. The survey benchmarked the tax burden but not the nominal profit tax rates applied to German companies operating in new EU member states. The tax burden for companies in Lithuania is reported to be 13%, while in Germany – 36% respectively. The authors of the research stress that by investing in Lithuania Western firms would definitely save on taxes.
Šaltinis:
lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Wincor Nixdorf AG closed the first six months of fiscal year 2008/2009 with a 4 percent increase in net sales and a 2 percent increase in operating profit (EBITA).
more »
Raiffeisen Bank Polska SA, a subsidiary of Raiffeisen International, a leading financial corporation in Central and Eastern Europe, has deployed "VIP Mobile," a next-generation mobile banking solution.
more »
Commission calls for help with reforming EU fishing.
more »
IFC, a member of the World Bank Group, and SEB Bank today launched an innovative transaction that will support lending of around €50 million to help small and medium enterprises in Lithuania switch to renewable sources of energy.
more »
Is your money well spent at EU level? Every year, in April, the EP concludes its examination of EU spending for the financial year closed 16 months previously.
more »
The right to compensation for poor service, the right to change gas and electricity suppliers and comparable prices are just three aspects of the proposed “third energy package” being debated today by MEPs.
more »
As access to ATMs became free from April 1, many banks are expected to consider consolidating their teller operations instead of aggressively expanding ATM network.
more »
Crisis or no crisis, secure identity cards will still be needed to cross borders…
more »
A fund-raising initiative has been launched among 170,000 employees in all 22 countries where the Group operates
more »
This year AB Bank SNORAS also joined the promotional event "Praise excellent service!" which is held in March every year.
more »