Buying Time

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planes(Above: Denis O’Brien’s Gulfstream (left) and Dermot Desmond’s Dassault Falcon at Dublin Airport)

Minister for Finance Michael Noonan has described as “attractive” a proposal that would give Ireland’s multimillionaire tax exiles an extra two months a year in the State in exchange for a €15 million payment over 10 years.

A proposal from the Government-backed Forum on Philanthropy has suggested a scheme where so-called high net worth individuals who have chosen to live abroad can “buy” extra days in Ireland in exchange for investment in charities and other worthy projects.

Tax exiles could get two months extra in Ireland each year in return for charity payments (Irish Times)

Pic Michael Kelly via Flickr

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