#113 ~ Lithuania, is a country in Northern Europe, and one of the three Baltic states. Dalia Grybauskaitė is the President of Lithuania, inaugurated on 12 July 2009 and re-elected in May 2014. She is the countrys first female President and the first to be elected for a second term. It is situated along the southeastern shore of the Baltic Sea, to the east of Sweden and Denmark. It borders Latvia to the north, Belarus to the east and south, Poland to the south, and Kaliningrad Oblast (a Russian exclave) to the southwest. Lithuania has an estimated population of 3 million as of 2013, and its capital and largest city is Vilnius. Lithuanians are a Baltic people. The official language, Lithuanian. Lithuania is a member of the European Union, a full member of the Schengen Agreement and NATO. Lithuania has been among the fastest growing economies in the European Union and is ranked 17th in the world in the Ease of Doing Business Index. Lithuania has a flat tax rate rather than a progressive scheme. According to Eurostat,the personal income tax (15%) and corporate tax (15%) rates in Lithuania are among the lowest in the EU. The country has the lowest implicit rate of tax on capital (5.5%) in the EU. Lithuania also has the lowest overall taxation as a percentage of GDP (26%) in the European Union ~ Wikipedia
Posted on: Fri, 29 Aug 2014 00:19:03 +0000