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”.