Italy’s 2018 budget law was published on 29 December 2017 in the country’s official journal (Gazzetta Ufficiale). It contains permanent measures to reduce social security charges for individuals hired under the age of 30 (and under the age of 35 during 2018), initiatives to combat sexual harassment in the workplace and ensure greater protection of victims thereof, and a tax credit for training workers as part of the Industria 4.0 plan.
Facilitating employment of young people. The end of tax breaks introduced under the Jobs Act led to a significant drop in the number of people hired on permanent contracts. As such, the Italian government, led by Paolo Gentiloni, has sought to “promote stable employment of young people” by introducing permanent measures. In 2018, private sector employers will enjoy a 50% reduction in social contributions paid for an individual hired under the age of 35. The reduction applies for a period of...
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