FG insulates Billionaires from Paying Their Fair Share of Tax in the Teeth of the Crisis
Aontú leader Peader Tóibín TD has condemned the recent decision by Revenue to excuse billionaires from their tax liabilities due to “extraordinary natural occurrences.” He stated;
“In the best of times it is shocking that the government facilitates Tax Exiles to declare themselves non-resident in Ireland to enable them avoid their fair share of taxation. Its inexcusable that in the teeth of a huge financial and humanitarian crisis the Government has offered these same tax exiles a waiver on the number of days that they have to be absent from Ireland to dodge their tax responsibilities. No such waiver is being extend to overstretched working families all over Ireland. Either we are all in this together or we are not.
Its breath taking that the mandate free incumbent FG government has again chosen to financially insulate billionaires instead of ensuring they like everyone else pay their fair share in terms of taxation. This will mean that the weight of paying for this crisis will as usual fall disproportionately on Ireland’s working men and women. Certainly, given the cost of the pandemic and the potential economic repercussions, now is not the time to be giving tax breaks to those who don’t need it.
Aontú calls on Revenue to reverse the decision to grant an exemption to tax exiles who have sought to avoid taxation in this jurisdiction to begin with.
