Portugal is planning to turn itself into a low-tax haven for young adults by offering a decade of tax breaks to people starting their careers in an effort to halt a growing brain drain.
The country’s centre-right government wants to reduce the income tax burden on young people for 10 years — including a first year in which no tax is due — under a plan that has few precedents in global fiscal policy.
The initiative underlines the urgency of reversing a debilitating outflow of younger…
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