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Wish I was on £300,000+ a year tax free.


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Marvellous isn't it, Christine Lagarde who was telling Britain to sort out it's finances doesn't pay tax on her near £300,000 a year salary plus £50,000 allowance. Because she is official of an international institution, she is not liable for any taxes, I wonder how many more people on these salaries get away without paying tax.

http://www.thesun.co.uk/sol/homepage/news/politics/4345796/No-tax-for-IMF-boss-Christine-Lagarde-on-300k.html

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MaI wonder how many more people on these salaries get away without paying tax
Nonsense.

 

(i) in reply to the first bit, most anybody who works for an international institution (as opposed to a national institution, necessarily tied to a jurisdiction) gets paid tax free - the UN springs to mind first and foremost. There are very many others.

 

(ii) as a comment to the second bit, it's not "getting away with" anything, and certainly not "getting away with not paying tax": international institutions only ever exist because of international treaties and are (and their employees) therefore usually not tied to any specific country's tax regime.

 

It's perfectly normal, it's been the situation for decades and more, there's nothing wrong or 'disgraceful' or scandalous about it. If you're that bothered, try and get a job with an international origanisation yourself :P:D

 

"usually" above, because a lot of variables involved on a case-by-case basis: the intl treaty provisions, the employee nationality and home country's tax laws, etc.

 

Lagarde is French. She may not pay tax now (perfectly legitimally, and just like the $30.000-a-year, IMF-employed, non-US citizen secretary or receptionist). But if Hollande has his way with French expatriates, even though those may pay tax (or not) in their country of residence/work, the French expatriates will have to pay whatever difference there is compared to what tax would be payable if they lived and worked in France. So she may yet end up having to pay 75%+ tax, when her IMF-employed, US- or UK-borne secretary would not have to.

 

In other, and simple words - don't buy the populist hype, think for yourself, look at the big picture.

Edited by L00b
changed "US- or UK-borne" for "non-US citizen" after IRS link
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Marvellous isn't it, Christine Lagarde who was telling Britain to sort out it's finances doesn't pay tax on her near £300,000 a year salary plus £50,000 allowance. Because she is official of an international institution, she is not liable for any taxes, I wonder how many more people on these salaries get away without paying tax.

http://www.thesun.co.uk/sol/homepage/news/politics/4345796/No-tax-for-IMF-boss-Christine-Lagarde-on-300k.html

 

You had me right until you linked to the Scum.

 

Rupert Murdoch (who?) pays £5,000 income tax a year.

 

This means (a) he only earns £25,000 a year or (b) he's also screwing the tax system as well.

 

Which one is it?

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You had me right until you linked to the Scum.

 

Rupert Murdoch (who?) pays £5,000 income tax a year.

 

This means (a) he only earns £25,000 a year or (b) he's also screwing the tax system as well.

 

Which one is it?

 

Rupert Murdoch is an American citizen, so all the arguements regarding Mz Legarde apply.

 

Barking up the wrong tree here old love.

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