Less bread and circuses

  • 2010-01-13
  • By Rokas M. Tracevskis
VILNIUS - The Roman Empire’s rulers used to think that people need bread and circuses. Lithuanian rulers probably have a different opinion because, starting with 2009, they introduced higher taxes on showbiz, which was another blow to the entertainment industry already suffering from the general economic crisis. However, Lithuanian showbiz managed to adapt.Until 2009, the Value added tax (VAT) for concert tickets was five percent. Starting with 2009, the Homeland Union - Lithuanian Christian Democrats-led government raised this VAT to 19 percent. Since September 2009, the VAT ...
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