The Lithuanian government has approved a resolution on the establishment of the State Defense Fund along with several proposed tax increases. As previously reported, the government considered various approaches to fund national defense spending. The final proposal includes: Extending the temporary solidary contribution on banks until 31 December 2025 (currently scheduled to end 31 December 2024); Increasing the standard corporate tax rate from 15% to 16%; Increasing the corporate tax rate for small companies from 5% to 6%; Increasing excise duties on alcohol and tobacco and on gasoline, diesel, and other fuels; and Introducing a 10% contribution on insurance contracts,...