Per Kalėdas skaitykite kartu. Prenumeratai -50%
Išbandyti
2012 02 24

Lithuania speaks against EU tax harmonization initiatives

Lithuania will not support the European Union's (EU) proposed tax harmonization initiatives and new barriers for trade and movement of labor, Foreign Minister Audronius Ažubalis said on Friday.
Audronius Ažubalis
Audronius Ažubalis / AFP/„Scanpix“ nuotr.

In his words, Lithuania's interest is a well-integrated EU internal market and unimpeded freedom to provide services.

"We speak out for a free and well-integrated internal market, unimpeded rights to provide services, as little as possible administrative burdens for business, we're also strictly against tax harmonization initiatives and attempts to build new barriers for trade and movement of labor," the minister said at a discussion on the eurozone crisis.

Commenting on the new treaty of fiscal discipline to be signed by 25 EU member-states next week, Ažubalis said it would not bring immediate changes but may become an important instrument to prevent future crises.

"It (the treaty) will not restore market confidence the very minute it is signed, but in the long run – after it takes effect – it could become a crucial instrument that may help escape such dramatic recessions," the minister added.

The new treaty should be signed by all EU countries, with the exception of Great Britain and the Czech Republic, next week. It proposes sanctions for countries that exceed the prescribed budget deficit limits.

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