John Drennan: Tax is not only 'for the little people', says TD
Plan to get super-rich exiles to pay their fair share has drawn in a meagre €870,000 so far
Published 06/11/2011 | 05:00
The last government's drive to get super-rich Irish exiles to pay their fair share of tax has been a miserable failure.
In the week where, mostly middle income, Irish taxpayers have been told by Finance Minister Michael Noonan that they face a swingeing further €1.6bn in taxes, VAT and levies, the Sunday Independent can reveal that a 'Domicile Levy' imposed by the late Finance Minister Brian Lenihan on so-called 'tax exiles' has raised a meagre €870,000 so far.
The data, secured by the Labour TD Gerald Nash, reveals that Mr Lenihan's much touted 'Domicile Levy' from his 2009 Budget is poised to raise less than €1m by year end.