Extract taken from www.thestory.ie
The 2006 capping of the exempt income has – as artists’ lobby group, Visual Artists warned – resulted in some high-earning individuals moving their tax residency abroad. The most infamous case, of course being U2, who moved their tax residency to The Netherlands.
However, a stark majority stayed, obviously, as it’s almost always awkward to uproot.
Bertie Ahern’s claiming of the exemption is notable for two reasons, one perhaps less noteworthy than the other.
Firstly, it illustrates just how little civic responsibility the man feels for the situation the country finds itself in today, something that will surprise few. Ahern is already in receipt of a number of State pensions, these total more than €120,000. He also has use of a State car 24 hours a day, every day, which transports him wherever he wishes to go at no personal cost. On top of this he receives a TD’s salary of more than €100,000. He also earns, or has earned, considerable amounts from private speaking engagements, though it is said business is slow these days for ‘the architect of the Celtic Tiger’. In short, he’s not in search of a few pence to rub together, unlike many PAYE workers and private sector taxpayers as of late. Still, he actively sought the exemption on a book ghost-written by Richard Aldous for which Ahern received more than €400,000 in an advance when he could have left the money in the nation’s coffers. This is where, I argue, it is needed and should be. He did so knowing it would cause controversy and offense.
A well written article indeed well done
However I beg to differ on one small point
I do not believe that anybody having earnings over the average industrial wage should be able to avail of this exemption from income tax , period!
There should be a ban on all public servants from gaining financially from their knowledge of having being a Public servant
Just my humble opinion!