Her government Norway He announced today that he is planning to randomly choose 100,000 new 20-35-year-olds who will have a tax reduction of tax for some years up to 2.380 euros per yearin order to study the impact on income and employment.
Due to increasing benefits and lack of workforce in some areas, Norwegian governments have been studying for several years to stimulate the labor market, modifying the rules of economic relief and improving vocational training.
However, the proposal made today by the Minister of Finance Gen Stoltenberg and the Minister of Labor Tonni Brenna proceeds one step further, offering Tax reduction to about 8% of employees aged 20-35 years.
If approved by parliament, 100,000 young people will be entitled to a tax reduction of up to 27,500 Norwegian Corps (approximately EUR 2,380) per year for the next three to five years. They will be compared to their peers who will not have the privileged tax reduction. “This will give us strong data on whether a tax reduction reduction really reinforces young people’s employment,” the finance ministry said.
The implementation of the measure is estimated to cost about 500 million Norwegian crowns (EUR 43 million) a year.
Norway has the largest state investment fund in the world, which is estimated at 1.6 trillion euros.