Income from Illicit Activity Appear in the Pockets of Every Third Lithuanian

According to a representative opinion poll commissioned by LFMI, the Lithuanian Government’s instituted policy – the raised taxes, the remaining high administrative burden for companies, and rigid employment regulation – is forcing people and businesses to operate underground: as many as 40 percent of the country’s population received unreported income last year. In a press release, LFMI’s Vice President Giedrius Kadziauskas explained the causes of this situation and recommended the ways how to reduce the scope of the shadow economy.
Also, Lithuanian weekly Veidas printed a commentary “Shadow Economy: Lithuania’s and Other Countries’ Experience” by LFMI Policy Analyst Vytautas Žukauskas.