Jim Clarken, CEO of Oxfam Ireland launching ‘A Cautionary Tale; The True Cost of Austerity and Inequality in Europe’. a new report by International aid agency this afternoon
The last Irish budget increased taxes by 1.3% on those earning €20,000 — seven times more than the 0.2% tax increase on those with €100,000 a year while those on €200,000 paid a mere 0.1% more.
Oxfam estimates that of the €14.3 trillion held by individuals in 52 tax havens around the globe, almost 5%, or €707bn, is sitting in Irish accounts. “It’s time to take the side of ordinary people rather than the privileged few,” said Jim Clarken.
€707 billion.
$941,299,800,000.
Just ‘sitting’ there.
Austerity filling the pockets of Ireland’s richest (Irish Examiner)
(Mark Stedman/Photocall Ireland)
