You would be forgiven by it’s coy name , for mistaking this as a third world relief programme, however it is far from that.
This little jem is designed to aid multinational executives earning up to 7 Million to write off 33% of their salary from income tax.
In 2016 alone, 18 of these special treated elites earned over 1 million Euros each.
This scheme cost our public service (tax payer) 18 Million the same year.
Indeed to give an example one individual executive earned over 7 million in one year..
allowing a whopping 831,000 to remain in their bank account. On top of this ,these Multinationals are earning huge profits. They are well able to pay higher salaries without being subsidised by the tax payers of Ireland.
This unfair tax relief must be lifted off the shoulders of the workers who carry this Country every day. Time for relief for working families not Millionaires.