Tax credit bid to keep female talent at work

first_img Previous Article Next Article Comments are closed. Leading consultants have called for working mothers to receive a tax creditequal to 50 per cent of their childcare costs to stop women leaving the jobsmarket. Ernst & Young has backed the campaign, which was inspired by workingmother Jacquline De Baer, during the recent Work-life Balance Week, and urgedthe Government to consider the measure. De Baer, who is CEO of uniform manufacturing company De Baer, said,”Eighty per cent of my workforce are women and they are vital to mybusiness. Unfortunately, if they have children many of them can’t afford towork, and we lose some of our best talent.” Ernst & Young has calculated that this level of tax relief would cost£1bn – equivalent to a third of a penny on income tax. “The tax regulations regard paid childcare as a luxury. We’ve startedthe ball rolling and we want to pressure the Government to make a change.” Related posts:No related photos. Tax credit bid to keep female talent at workOn 25 Sep 2001 in Personnel Todaylast_img read more

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