For others, let me briefly tell you that, in the view of the Bank of Lithuania, the changes to the tax system proposed by the Government this summer, such as easing the tax burden for those with the lowest income, are the right actions in the right direction. However, alone, they will not be sufficient to fundamentally alter the present situation.
That requires a more thorough and far-reaching tax reform. When designing it, we should focus on several elements. Firstly – on reviewing workforce taxation, secondly – on reducing the variety 2/4  BIS central bankers' speeches  of income tax regimes, and thirdly – on searching for additional sources of revenue.