Mixed messages for corporate investors

The Portuguese prime minister has announced new austerity measures to keep the country on track with its bailout programme. Employee social security contributions are set to increase from 11% to 18% in 2013 whilst employer contributions will decrease from 23.75% to 18% in an effort to cut labour costs. Tax measures (as yet unspecified) are also likely to be included in the 2013 budget. These will focus on high earning individuals and company achieving big profits.

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