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Portugal's centre-right minority government approved a sharp income tax reduction for more than 300,000 people aged 18-35 on Thursday, lowering the average rate they will pay from next year by... -May 23, 2024 at 11:37 am EDT - MarketScreener
Portugal's centre-right government has approved a significant income tax reduction for over 300,000 young adults aged 18-35. This measure aims to deter youth emigration by lowering tax rates dramatically. The plan awaits parliamentary approval and is poised to cost the state around 1 billion euros annually.