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Image: island with money coins and leaves showing tax via Shutterstock
Image: island with money coins and leaves showing tax via Shutterstock
A REPORT TODAY suggests that Irish multimillionaire tax exiles may be allowed to stay in Ireland for up to two extra months every year if they pay more than €1 million a year to charity.
At the moment, wealthy Irish citizens who have chosen to live abroad for tax purposes can spend no more than 182 days a year (around 6 months) living in Ireland. The Irish Times reports today that this new proposal by a Government-funded think-tank would reward tax exiles by allowing them to “buy” more days in Ireland by giving money to worthy projects.
One Labour TD has already said it would “turn his stomach to give some of these individuals extra days in Ireland,” but Fine Gael parliamentarians have said it would be a major boost to Irish charities.
So today we’re asking: Should Irish tax exiles be allowed stay in Ireland for longer if they give money to charity?
Poll Results:
No (1548)
They should have to give the money to the State, not to a charity (1244)
Not sure (697)
Yes (346)
COMMENTS (62)