There is a new project being developed in Rosario, Argentina. Its aim is to provide solutions for young people from ...
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There is a new project being developed in Rosario, Argentina. Its aim is to provide solutions for young people from 18 to 24 years old that have still not being able to enter the labour market. Business and industries that attach to this project shall receive benefits. |
Rosario is one of the most important cities in Argentina. The municipal council is promoting an ordinance to create tax incentive program to promote employment for young people who are between 18 to 24 years old. The proposal, made by councilor Ana Martinez (Union PRO), aims to give benefits to employers that hire young people who are in that age group.
“Our objective is to establish an extra tool so that those who neither study nor work may enter the labour market. We need to face this problem and help many young citizens who currently seem not to find their place in the world, give a purpose to their lives and establish goals they may achieve.
The councilor explained that the project establishes a benefits scheme for private businesses and industries as long as they pay the Derecho de Registro e Inspeccion (DREI) tax.
The proposal states that any employer, who hires a person aged between 18 to 24 years old, shall gain a tax credit equal to twice the amount paid for DREI during the period prior to hiring. If the person shows that he/she is still studying (secondary school, technical education or college degree), such credit will double.
Martinez explained that: “It is a proposal which shall tend to generate, from a tax incentive point of view, an employment possibility. We must consider it an investment on new jobs and by no means a resources waste caused by the State.” The councilor also assured that “the objective is to promote the modification from informal employment to formal employment, as well as to reduce both the unemployment and sub-employment rates among young people.
Furthermore, the councilor explained that once the program has been implemented for twelve months, a report must be made disclosing the following information: amount of Young people favored by the program, tax cost that it implies to the municipality and any other relevant data.
Finally, Martinez said that: “using as a base their effort and their progress possibilities, young people shall be building their way towards becoming full adults. We understand that it is our responsibility to search for solutions and that is the reason that leads us to consider that we are helping Rosario citizens to gain a better quality of life.”
