High tax rate may deter global talent, warns Irish Tax Institute

edward2222 · 13-10-2015 06:50AM #1

Credit to: Offshore News : High tax rate may deter global talent, warns Irish Tax Institute

Marginal rate ninth highest in 34 OECD countries, pre-budget submission claims

Ireland risks deterring high- calibre foreign executives from moving here because of its relatively high tax rates, the Irish Tax Institute has warned.

In a pre-budget submission, the institute said Ireland’s marginal tax rate of 52 per cent was the ninth highest among the 34 OECD countries last year, and six percentage points above the average.

At the same time, the entry point to paying the top rate here, currently set at €32,800, was among the lowest in the OECD, eclipsed only by Poland, Estonia and Hungary.

52% tax is maybe a bit high but in the big scheme of things that's only a few percentage points higher than other countries' tax rates.

For me 52% tax on all of your income is a reasonable tax rate.

What about you guys?
Your thoughts?

Geuze · 13-10-2015 11:21AM

The top MTR of 51% is not too high.

But it kicks in far, far too early at 33,800.

Solution is to have more rates, e.g. 20 - 30 - 40 - 50.

High tax rate may deter global talent, warns Irish Tax Institute

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