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07/05/2013
Generous Tax Breaks Sought For Executives Of Multinationals
Generous tax breaks for executives of multinational companies were sought ahead of the 2013 Budget, the Irish Times have reported.
Last Decembers Budget contained measures that would allow high-salaried executives to move to Ireland and benefit from a lower income tax rate alongside relief on expenses for private school fees and trips home.
According to the Irish Times, Minister for Jobs Richard Bruton sought even more generous incentives, asking Minister for Finance Michael Noonan for a reduction of the income tax rate to 23% for executives earning up to €500,000 per year.
Mr Bruton wrote to Mr Noonan, expressing the benefits of such tax breaks, but ultimately the proposals were not adopted in Decembers Budget 2013.
(H/CD)
Last Decembers Budget contained measures that would allow high-salaried executives to move to Ireland and benefit from a lower income tax rate alongside relief on expenses for private school fees and trips home.
According to the Irish Times, Minister for Jobs Richard Bruton sought even more generous incentives, asking Minister for Finance Michael Noonan for a reduction of the income tax rate to 23% for executives earning up to €500,000 per year.
Mr Bruton wrote to Mr Noonan, expressing the benefits of such tax breaks, but ultimately the proposals were not adopted in Decembers Budget 2013.
(H/CD)
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