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More than 100 of the State's top earners used property-based tax breaks to avoid paying an average of more than €200,000 each in tax, according to an analysis of a new Revenue Commissioners' study of high earners. Mark Brennock, Chief Political Correspondent, reports
The study shows that 29 of these people paid no tax at all in 2001. All 115 of them appear to have earned more than €500,000, but paid tax at an effective rate of less than 30 per cent in that year. They claimed tax relief of €42 million on property investments in that tax year.
Labour's finance spokeswoman Joan Burton yesterday pointed out that the study "shows no reduction in the numbers paying no tax at all". In both 1999/2000 and in 2001, 29 top earners paid no tax.
the luck of the irish - no, sensible tax planning
More than 100 of the State's top earners used property-based tax breaks to avoid paying an average of more than €200,000 each in tax, according to an analysis of a new Revenue Commissioners' study of high earners. Mark Brennock, Chief Political Correspondent, reports
The study shows that 29 of these people paid no tax at all in 2001. All 115 of them appear to have earned more than €500,000, but paid tax at an effective rate of less than 30 per cent in that year. They claimed tax relief of €42 million on property investments in that tax year.
Labour's finance spokeswoman Joan Burton yesterday pointed out that the study "shows no reduction in the numbers paying no tax at all". In both 1999/2000 and in 2001, 29 top earners paid no tax.
the luck of the irish - no, sensible tax planning
posted by Hugh W at 7:41 pm
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