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Taoiseach says tax breaks for emigrants returning home would be 'unfair and discriminatory'

The Taoiseach has admitted that a proposal from one of his ministers to lure emigrants home with ...
Newstalk
Newstalk

13.25 28 Sep 2016


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Taoiseach says tax breaks for...

Taoiseach says tax breaks for emigrants returning home would be 'unfair and discriminatory'

Newstalk
Newstalk

13.25 28 Sep 2016


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The Taoiseach has admitted that a proposal from one of his ministers to lure emigrants home with a special tax rate would be 'unfair and discriminatory'.

The Jobs Minister Mary Mitchell O'Connor proposed the idea in a pre-budget submission to the Department of Finance.

It was suggested that a lower 30% rate would apply to certain categories of workers for up to five years.

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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.

After the Fianna Fáil leader described it as a "bananas idea", Enda Kenny agreed it would not be a fair thing to introduce.

Speaking in the Dáil, Mr Kenny said: "Somebody away in London or New York or America, wherever, and they come back, and they're working in the same facility as somebody else and they're paying a different rate of tax simply because they've come back? 

"I would regard that as being unfair and discriminatory, of course."

 


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