Abstract
A social state of welfare that procures a variety of economic and social policies for all to grasp some minimal standards of living, needs to inaugurate winning recruitment strategies for effectively tackling the obstacles of employment that thwart steady economic growth. Certain incentives are currently offered by the government for employers to pick, involving some tax exclusions and relief in workers’ social security obligations, in an effort to help creation of new job opportunities, lowering the risk of unemployment and an increase in tendency among youngsters and women toward joining the workforce. These incentives also serve some greater goals such as channelling investments, boosting throughput, forging business owners to achieve better in competition and thereby augmenting the overall competitive power of the country on the international arena, and perseverance of R&D efforts for technological advancement. The incentives pursued in both industrial states and developing countries on employment for economic and social purposes have been transposed to the government practice in Turkey, as well, as part of the ongoing struggle against problems of employment. This study puts the magnifying glass on the current range of tax and insurance incentives for private employers as secured by the Turkish Laws in effect, in the hope of helping a rise in employment rates. It is expected to contribute to the international scholarly literature, in that it encapsulates the legal grounds, scope, durations and conditions of availability of the legislated incentives.
Highlights
A social state of welfare that is committed to provide community-wide wealth brings up policies aiming at tackling the constraints that obliterate steady economic growth
The effectiveness of such aspect of incentives that secures an increase in tax revenue is contingent upon the tendency among taxpayers for fulfilling their obligations, lessened occurrences of unregistered economic activities and tight controls put in place and running
It has been made clear that the amount of allowance authorised for employer’s share in social security premiums under the incentive scheme in implementation may not exceed 6% for Region I, or, 8% for Region II, or, 10% for Region III, or, 14% for Region IV, of the fixed amount of investment realised in business supported under regional schemes, or, alternatively, 2% for Region I, or, 3% for Region II, or, 5% for Region III, or, 7% for Region IV in case of large-scale investments, and, that all regions shall receive an increment of 5 points to these applicable rates for SMEs that fall within the category of investments supported by this incentive
Summary
A social state of welfare that is committed to provide community-wide wealth brings up policies aiming at tackling the constraints that obliterate steady economic growth. In the core of all the above incentives lies the covenant to lift the overall level of wealth and welfare up across the country, eliminate interregional imbalances and render certain categories of merchandise and industrial engagement more capable of tolerating the odds of international competition Another secondary, yet, important problem of employment as notable among others that obliterate economic growth is unemployment, spread over a long term. Attempts are currently in progress for alleviating the risk of unemployment, by way of support provided for professional education, aimed at further improving and enhancing qualifications of the workforce Such policies intend to minimise unregistered employment and provide some stabilisation in returns of tax collection efforts, as well. An assessment shall be made, as well, of such incentives and support as are extended to private employers with a view to redirect investments, close the gaps in interregional levels of development, and assure continuation of research and development activities
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