Amendment: VAT increase is not an adequate means of increasing defence financing

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Amendment: VAT increase is not an adequate means of increasing defence financing

President Gitanas Nausėda believes that the increase in value added tax (VAT) is not an appropriate measure for defence of increased financing. He believes that additional funds could be obtained by taxed businesses. “I support the social initiative launched by businesses – 4% of GDP defence. This goal is ambitious, but it is definitely achievable. However, I see that the main focus is on VAT increase. We all know that VAT is paid by all Lithuan…