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09/09/2009
Possible End To Tax Relief For Irish Artists
The 30-year-old tax relief for Ireland's musicians, writers and artists could be coming to an end following this weeks report from the Tax Commission.
Since former Prime Minister Charles Haughey's tax expemption for artists in 1969, Irelands artists have enjoyed an income tax free lifestyle, but this could be coming to an end along with a raft of tax reform measures currently being considered.
Other new taxes being discussed by the Government, following a document of recommendations published by the Commission on Taxation on Monday, include the introduction of a property tax, carbon taxes and water charges. The report also recommends taxing child benefit.
But the special treatment enjoyed by artists for so long is believed to have contributed to the presence of so many high profile celebrities and cultural icons remaining to live on the island.
Writers like Irvine Welsh, DBC Pierre and Frederick Forsyth have moved to Ireland to avail of the generous arrangement, while music stars such as U2, Enya and Seamus Heaney to remain.
In 2006, the level of earnings before tax was capped at 250,000 euros.
However, the scheme has once again come under scrutiny with Ireland's Commission on Taxation labelling it unfair and recommending that it should be scrapped.
The Tax Commission's document contains more than 200 recommendations that are yet to be implemented, and many are expected to be discussed in the Daíl upon its resumption in October.
(DW/GK)
Since former Prime Minister Charles Haughey's tax expemption for artists in 1969, Irelands artists have enjoyed an income tax free lifestyle, but this could be coming to an end along with a raft of tax reform measures currently being considered.
Other new taxes being discussed by the Government, following a document of recommendations published by the Commission on Taxation on Monday, include the introduction of a property tax, carbon taxes and water charges. The report also recommends taxing child benefit.
But the special treatment enjoyed by artists for so long is believed to have contributed to the presence of so many high profile celebrities and cultural icons remaining to live on the island.
Writers like Irvine Welsh, DBC Pierre and Frederick Forsyth have moved to Ireland to avail of the generous arrangement, while music stars such as U2, Enya and Seamus Heaney to remain.
In 2006, the level of earnings before tax was capped at 250,000 euros.
However, the scheme has once again come under scrutiny with Ireland's Commission on Taxation labelling it unfair and recommending that it should be scrapped.
The Tax Commission's document contains more than 200 recommendations that are yet to be implemented, and many are expected to be discussed in the Daíl upon its resumption in October.
(DW/GK)
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