Pascal Donoghue to World Bank

Heard Colm McCarthy the well respected economist on the radio today. He was talking about the previous downturn, when the IMF were here 15 years ago. He made the point the present govt are trying to SPEND their way out of a boom.

I can only be reminded of rats leaving a sinking ship, that our economy will be very very different in a number of years time and Pascal will always be able to say the economy was fine when he left it.

IIn fairness, I doubt if the world bank will be head hunting a minister of finance originally from Donegal in 10 years time.

It's a given he knows the tax bubble from U.S. and foreign multinationals is unsustainable, just as the stamp duty and property bubble was unsustainable in 2006. He know things will turn very ugly if and when the well runs dry and sf get in to power, and he wants out. Hard to blame him.

indeed- they can pretty much do as they please these days because there is no accountability or consequence. FG and FF are in bed together so there is no opposition or real allowed alternative either

I do not know whether there are express provisions dealing with Irish incomes for IBRD income but it is probably irrelevant as he will

Live in Washington and unlikely to be Irish resident - split year treatment for foreign employment income would likely exclude it from the charge tomIria income tax for the remainder of this year. The tax-free aspect is more relevant in respect of US income tax and is dealt with by way of agreement between the US and IBRD as is common with other international organisations and non-US citizens.

I don’t care about him as you may have gathered and his “public service” (which wasn't a charity gig btw) has done sweet eff all for the likes of me just ever increasing levies, carbon taxes, property taxes, non moving tax bands (an effective tax rise post inflation) -

Politics is all about decisions and his instincts and decisions are and were frankly atrocious for people like me and anyone in the squeezed middle

The only thing him not trying to become Taoiseach at that time shows is his own lack of ambition for the top job, it doesn't make him any less a career politician. Arguably it makes him more of one. He was just happy to sit in a slightly lower position and let others take hotseat. He said it himself if this job didn't come along he'd have carried on as he was.

If you became non-resident you wouldn’t pay Irish tax either!