Answered

Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Discover in-depth answers to your questions from a wide network of experts on our user-friendly Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

How investment tax credit and employment tax credit can be used to address unemployment?

Sagot :

Parrain

Answer:

Investment tax credit means that companies will pay less taxes if they invest in new projects. These new projects will need people to work on them for it to be successful. When companies take advantage of investment tax credits therefore and invest, they end up hiring people which would reduce unemployment.

Employment tax credit has a more direct effect on unemployment. It reduces taxes per worker hired so if an employer wants to take advantage of this, they should employ more people which would directly reduce unemployment.

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.