Wednesday 7 December 2016

Tax wealth held by Irish overseas

Published 07/12/2010 | 05:00

On October 15 the Central Statistics Office published a summary of Resident Holdings of Foreign Portfolio Securities as at the end of 2009 (

  • Go To

The report shows a total wealth in excess of €1.25 trillion held outside this jurisdiction by Irish persons and corporations. If the next government was to apply just a once-off 10pc levy on the €1.25tn of Irish-owned foreign securities, the State could raise a whopping €125bn from Irish wealth held abroad.

The repatriation of this €125bn would solve the bank bailout AND the budget deficit AND leave us with a budget surplus. The IMF and ECB would no longer instruct Ireland's economic affairs.

Please sign in or register with for free access to Opinions.

Sign In

Read More

Don't Miss

Editor's Choice