After the Electoral Action of Poles in Lithuania – Christian Families Alliance joined the ruling coalition in Lithuania, more and more possibilities arise to implement the party's plans to tax assets of commercial banks, the Verslo Zinios business daily writes.
Nauji Swedbank bankomatai
© Bendrovės archyvas

The party suggests introducing a 0.4 percent annual rate for bank assets and estimates that Lithuania's budget could get around 100 million euros in additional income every year, and these additional funds could be used for social needs.

The government is cautious about the idea, the daily writes, with banks' representatives saying such a new tax would do more harm than good.

BNS Lithuanian reminds that the EAPL-CFA has been raising the idea of taxing banks for the past several years, and its representatives also talked about it even before the party joined the ruling coalition, which it did last summer. The party says the money could, for example, go to further increasing the child benefit.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Narvesen stores and Lietuvos Spauda kiosks start selling Bitcoins

Narvesen stores and Lietuvos Spauda kiosks are launching the sale of Bitcoin vouchers that can...

Lithuanian meat processing company allowed to export beef to China

Krekenavos Agrofirma , a meat processing company owned by the family of Viktor Uspaskich, the founder...

Former Lithuanian EU diplomat Usackas joins Avia Solutions Group

Vygaudas Usackas , a former long-time Lithuanian and EU diplomat, on Tuesday joined the board of...

Lithuania hopes to attract new biotechnology investment

Lithuania's foreign investment promoting agency Investuok Lietuvoje ( Invest Lithuania ) hopes to...

Analyst: Lithuanian retail fuel prices may rise 3-4 cents in wake of Saudi oil attacks

SEB Lithuania's analyst Tadas Povilauskas says a surge in crude prices following last weekend's...