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Lithuania 'Forced' To Hike Taxes To Meet NATO's Military Spending Target; Fears Losing Membership?
Published on May 22, 2024 11:36 pm IST
NATO member Lithuania is planning to raise taxes on companies, fuel, and alcohol as part of a package of measures to raise additional funds for defense next year. The proposed steps include hiking the corporate tax rate to 16% from 15%, and raising the excise tax on alcohol, tobacco, and fuel. The move comes amid the ongoing Russia-Ukraine war. Watch this to know more.
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