Guess how many Irish tax exiles have paid the new ‘rich tax’?

The Journal – A ‘rich tax’ brought in to encourage tax exiles to pay their fair share has been branded “totally ineffective”- after figures revealed that just five people have paid it this year. The Domicile Levy was introduced by Brian Lenihan in his Budget for 2010 to target wealthy Irish tax exiles who earn more than €1 million a year and also have assets of over €5 million in Ireland. The move required the exiles to pay a levy of €200,000 per year, regardless of where they are tax resident. Read Article