From today’s Hindu
Portugal is facing a significant migration crisis, particularly among young professionals, due to low wages, high taxes, and a housing crisis.
In response, the government has proposed tax breaks and housing assistance to retain talent.
The government is offering tax breaks for young workers, including a potential 100% income tax exemption.
Additional housing assistance is being provided to make staying in Portugal more attractive for young people.
The Brain Drain Problem
About 850,000 Portuguese nationals aged 15-39 currently live abroad.
Emigration results in significant loss of tax revenue and social security contributions, costing Portugal billions each year.
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