Single social tax. The Single Social Tax (TSU) on workers’ income should have increased by 7 percentage points, from 11 up to 18 percent, on January 1, 2013. At the same time, employers’ TSU would have gone from 23.75 down to 18 percent (see our dispatch No. 120519). In doing this, the government wanted to increase State revenues while bringing parity for private and public sector workers and encouraging businesses to invest and sell abroad. It had to back down on this measure which employers deemed counterproductive, as the TSU cut would have only benefited large businesses and which Portuguese people denigrated, as it would have meant losing one month’s pay per year. The demonstrations organized on September 15 were the result of the announcement made by the head of State and saw 700,000 people march in the streets which, in a small country of 10 million inhabitants, is a true show of strength.
18 percent (see our dispatch No. 120519). In doing this, the government wanted to increase State revenues while bringing parity for private and public sector workers and encouraging businesses to invest and sell abroad. It had to back down on this measure which employers deemed counterproductive, as the TSU cut would have only benefited large businesses and which Portuguese people denigrated, as it would have meant losing one month’s pay per year. The demonstrations organized on September 1
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