Portugal's main opposition party promises tax cuts as election nears


  • World
  • Saturday, 08 Jan 2022

FILE PHOTO: Portugal's opposition candidate Rui Rio of the Social Democratic Party (PSD) reacts after preliminary results of the general election in Lisbon, Portugal October 6, 2019. REUTERS/Rafael Marchante

LISBON (Reuters) - Portugal's main opposition Social Democrats promised on Friday to cut taxes on corporate profits and personal income if they manage to dethrone the front-running Socialist Party in a Jan. 30 election.

"We have to reinforce the competitiveness of our economy. We have to turn our economic policy towards companies because they are the ones that create better wages and better jobs," the centre-right party's leader, Rui Rio, told a news conference.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Turkey strikes northern Iraq from air, says it kills PKK members
Judge in Trump hush money case to consider jailing Trump
Russia detains journalist Kevorkova, son says
IAEA chief seeks tougher nuclear checks in Iran, with limited leverage
EU ends rule of law proceedings against Poland under liberal Tusk
Trump to return to New York courtroom for criminal hush money trial
Lamborghini bros no more: Crypto is creating a new wealth effect
Amazon driver fatally shoots person trying to steal vehicle at gunpoint, US cops say
Microsoft ties pay for top bosses to meeting cybersecurity goals
TikTok’s boss goes from reserved tech exec to Met Gala chair

Others Also Read