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Adamkus vetoes capital gains tax

Jul 30, 1998

VILNIUS (BNS) – The participants of the Lithuanian equities market have welcomed President Valdas Adamkus' veto of legal amendments that would impose taxes on capital gains and dividends. The president vetoed the amendments to the law on private individuals' income tax and returned the amendments to parliament for another consideration July 24. The president's decision crowned the efforts of stock brokers, who had urged the head of state not to sign the new legislation into effect. Stock brokers ...

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