If Premier Matteo Renzi's tax
break for new hires gets approved, employers will save between
7,000-10,000 euros in labor costs, a study commissioned by ANSA
showed Wednesday.
The premier's job-creation measure is contained in the
country's 2015 budget bill, which goes to the cabinet and then
to the European Commission for approval later today.
It would give employers taking on new permanent full-time
staff a three-year exemption from labor taxes.
If approved, the measure will save employers 7,500 euros on
contracts paying gross annual salaries of 25,000 euros, and
10,600 euros on contracts paying 35,000 euros.
This will make permanent full-time contracts more
convenient to employers than temp and freelance contracts.
It would also put an extra 1,600 euros in net annual pay in
employee pockets.
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