Incentive for non-experienced workers

David Cuellar		Salvador Esquivel

The Mexican Congress has been actively working on the proposed 2011 tax bills, which include a new incentive for income tax purposes, among other changes. The incentive is intended to encourage employers who hire non-experienced workers for newly created positions (incentive to first-employment).

The main goal of this incentive is to promote the creation of new formal employment positions for millions of young people entering into the labour market each year, providing better alternatives than migration and...