Lithuanian finance minister says higher taxes will fund defense

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Lithuanian business leaders put the strengthening of the country's defense and competitiveness in the field of taxation as a top priority for the government. At the same time, our entrepreneurs from the Baltic countries are most optimistic about the prospects for growth of Lithuanian economy and corporate income.

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As the Seimas begins to consider whether to triple the permitted amount of cash payments, Finance Minister Rimantas Šadžius says he sees the risks of the proposal, but believes that it must be a political decision by parliamentarians that takes into account the public's position. According to him, as people use cash less and less, it is important to monitor payments in electronic money, such as cryptocurrencies. "I see the threat. But this is …