Monday 23 October 2017

Tax break worth thousands to lure home emigrants

Budget move to target high-skilled workers in UK

Jobs Minister Mary Mitchell O’Connor. Photo: Michael Chester
Jobs Minister Mary Mitchell O’Connor. Photo: Michael Chester
Niall O'Connor

Niall O'Connor

Highly skilled emigrants are to be lured home with a special tax deal worth thousands of euro, the Irish Independent can reveal.

The Government is considering offering a 30pc tax rate to a range of graduates and entrepreneurs living overseas in a bid to become more competitive after the Brexit vote.

The plan would see highly skilled graduates pay an effective rate of income tax of 30pc for a set period.

The lower tax rate would be aimed at those earning in excess of €75,000 in specialist jobs in areas such as medicine, science, IT and finance.

Graduates

The plans, devised by Jobs Minister Mary Mitchell O'Connor, also include tax incentives for graduates who purchase company shares as part of their transfer home.

Meanwhile, two internal reviews into Fine Gael's election disaster fail to name a single individual responsible for the party losing 26 seats.

Taoiseach Enda Kenny's poor campaign performance is not mentioned.

Irish Independent

Editor's Choice

Also in Irish News