Portugal proposes decade of tax breaks for the young to stem brain drain
Briefly

from www.theguardian.com4 months ago
Portugal's government is implementing a progressive tax break scheme for young workers, aimed at reducing brain drain and incentivizing them to stay in the country.
www.theguardian.comhttps://www.theguardian.com/world/2024/oct/10/portugal-proposes-decade-of-tax-breaks-for-the-young-to-stem-brain-drain
Luis Montenegro's government is replacing a proposed 15% income tax cap for young people with progressive tax breaks, offering 100% exemption in the first year of work.
www.theguardian.comhttps://www.theguardian.com/world/2024/oct/10/portugal-proposes-decade-of-tax-breaks-for-the-young-to-stem-brain-drain
With a staggering 30% of young people having emigrated due to low wages and poor conditions, this plan aims to stem the outflow and keep families together.
www.theguardian.comhttps://www.theguardian.com/world/2024/oct/10/portugal-proposes-decade-of-tax-breaks-for-the-young-to-stem-brain-drain
Montenegro emphasized the importance of creating opportunities locally, stating, 'We must ensure our young people can find opportunities here instead of abroad.'
www.theguardian.comhttps://www.theguardian.com/world/2024/oct/10/portugal-proposes-decade-of-tax-breaks-for-the-young-to-stem-brain-drain
Read at www.theguardian.com
#portugal #tax-breaks #youth-migration #economic-policy #government-initiatives
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