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Over 1,500 high fliers shared €38m write-off on tax and private schools

Executives in finance, insurance and technology lead the way in claiming tax break for millionaires

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Like a storyline from the TV show Billions, at one point there was no limit on the amount an individual could earn and claim relief

Like a storyline from the TV show Billions, at one point there was no limit on the amount an individual could earn and claim relief

Like a storyline from the TV show Billions, at one point there was no limit on the amount an individual could earn and claim relief

Fifty executives earning between €1m and €3m a year working for multinationals here benefited from a lucrative tax break in 2019 that slashed their income tax bills and allowed them to write off private school fees and some travel, new figures published by the Revenue Commissioners show.

The 50 top earners were among 1,574 executives who escaped a combined €38m of Irish tax thanks to the Special Assignee Relief Programme (Sarp), an incentive introduced nearly a decade ago aiming to make it more attractive for high-flying executives of multinationals to be posted here as part of a plan to help boost job creation and business expansion.


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