Shows & Panels
- AFCEA Answers
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Connected Government
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Cyber Imperative
- Cyber Solutions for 2013 and Beyond
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Mission-critical Apps in the Cloud
- The Path from Legacy Systems
- The Real Deal on Digital Government
- The Reality of Continuous Monitoring... Is Your Agency Secure?
- Veterans in Private Sector: Making the Transition
Shows & Panels
Portugal's government wants to trim corporate tax
Monday - 10/14/2013, 10:09am EDT
LISBON, Portugal (AP) - Bailed-out Portugal's government wants approval from Parliament to trim the corporate tax rate to 23 percent from 25 percent next year as a way of generating economic growth.
Portugal is expected to weather a third straight year of recession this year. Unemployment is at 16.5 percent and forecast to rise.
Austerity measures being enacted as part of a 78 billion euro ($106 billion) financial rescue in 2011 have choked private spending and corporate investment.
The secretary of state for tax, Paulo Nuncio, announced Monday plans for a gradual reduction of corporate tax, reaching a rate of between 17 and 19 percent by 2016.
He said the measure, which is part of the government's 2014 budget proposal to be debated by lawmakers, aims to attract more foreign investment and create jobs.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)