State spends €15 8bn a year on discretionary tax expenditures, committee hears
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State spends €15 8bn a year on discretionary tax expenditures
irishtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishtimes.com Daily Mail and Mail on Sunday newspapers.
Cost of Sarp tax reliefs for overseas executives rises sharply But number of multinational executive jobs supported via tax scheme ‘falls sharply’
about 7 hours ago Ken Foxe
Minister for Finance Paschal Donohoe was advised to emphasise the fact that the €1 million cap had been introduced if questions arose about the controversial scheme. File photograph: Alan Betson
The number of jobs being supported through a lucrative tax-relief scheme for highly-paid multinational executives has “fallen sharply” according to an internal briefing for Minister for Finance Paschal Donohoe.
However, the cost to the taxpayer had also more than trebled to €73,000 for each job that was being supported, which was described by officials as a “cause for concern”.