January 11, 2024

High Taxes and Wasteful Spending – Two Sides of the Same Coin

The last budget of former Finance Minister Peter Kažimír, which was presented in 2019, before he left for the comfortable office of the National Bank of Slovakia, estimated a deficit of 0.1 per cent of the GDP – some €100 million.
June 29, 2023

Trapped by Taxation: How Inheritance Tax Impedes Economic Mobility

Equality of opportunity is a key foundational principle of liberalism. The most widely accepted definition of equality of opportunity among liberals is the absence of systematic barriers, such as legal discrimination, which hinder individuals from achieving their life goals.
May 11, 2022

The Day of Respect for the Taxpayer

On May 11, Lithuania celebrates The Day of Respect for the Taxpayers. On this occasion, the Lithuanian Free Market Institute (LFMI) stresses that a public sector that serves its citizens and creates value is an expression of respect for taxpayers.