Greece...

pqrdef

And with the sheer predictability of the Pope saying Mass, we read in the Guardian today that Christina Lagarde pays no tax.

Generali

pqrdef wrote: »

And with the sheer predictability of the Pope saying Mass, we read in the Guardian today that Christina Lagarde pays no tax.

She gets a salary of $467,940 plus allowances of $83,760 a year. On top of that she gets to take part in the staff 401k pension scheme to which the IMF will put in 5% of her salary.

On top of that she gets a special Managing Director's final salary pension scheme worth between 50-100% of her salary depending on length of service from 2-10 years. All of the pension benefit passes to her husband on death. All of the benefit transfers to her kids if she dies while still contracted to do the job.

Not bad eh? I reckon I could rub by on that.

worldtraveller

Glad to see that some of my tax is going towards paying for her "international, net-of-tax" package.

vivatifosi

When are they going to learn? If you are going to lecture a country on paying its taxes - and aren't paying taxes yourself - then a journo WILL dig that up and expose you.

Graham_Devon

pqrdef wrote: »

And with the sheer predictability of the Pope saying Mass, we read in the Guardian today that Christina Lagarde pays no tax.

Amusing, considering she attacked the greeks for causing the Greek problem though not paying taxes.

It does grate a little that these people are happy to tell others who can't afford to even feed their family, they should pay their taxes, while she languishes in luxury. The very fact she got the job in the first place was an insult.

chucky

Graham_Devon wrote: »

Amusing, considering she attacked the greeks for causing the Greek problem though not paying taxes.

It does grate a little that these people are happy to tell others who can't afford to even feed their family, they should pay their taxes, while she languishes in luxury. The very fact she got the job in the first place was an insult.

You're exactly right Graham, they're all alike especially when it was George Osborne and David Cameron that pushed for Lagarde to get the role.

David Cameron has backed Christine Lagarde's bid to be the next head of the International Monetary Fund.

Ms Lagarde, is the overwhelming favourite in the race to succeed countryman Dominique Strauss-Kahn, who quit to fight charges of attempted rape in New York.

'We strongly support her and we think there is a good case for maintaining European leadership at this difficult time,' he said.

ILW

Strictly speaking, any tax paid by a public sector worker is just an offset. So slightly pointless argument.

The problem with Greece is tax evasion which is a different matter.

FTBFun

pqrdef wrote: »

And with the sheer predictability of the Pope saying Mass, we read in the Guardian today that Christina Lagarde pays no tax.

This is the same as with all diplomats, though, under the 1961 Treaty of Vienna. Why should she be any different?

EDIT: I don't listen to the Guardian on taxes given their own tax avoidance schemes.

Generali

vivatifosi wrote: »

When are they going to learn? If you are going to lecture a country on paying its taxes - and aren't paying taxes yourself - then a journo WILL dig that up and expose you.

To be fair, her contract states that she is paid a certain net amount rather than a gross amount. Taxes are still paid I would imagine.

Nannies are paid in the same way in the UK as a rule: net wages are quoted in the contract and the employer is liable to pay income tax and NI. If taxes rise or fall the nanny's wages remain the same, it's the employer's liability that changes.

Italian footballers are paid in the same way too I believe. There was a certain amount of annoyance amongst them in the mid-90s when they arrived in the UK on a promise of £10,000 a week only to discover that they were expected to pay tax out of that.

FTBFun

Generali wrote: »

To be fair, her contract states that she is paid a certain net amount rather than a gross amount. Taxes are still paid I would imagine.

Nannies are paid in the same way in the UK as a rule: net wages are quoted in the contract and the employer is liable to pay income tax and NI. If taxes rise or fall the nanny's wages remain the same, it's the employer's liability that changes.

Italian footballers are paid in the same way too I believe. There was a certain amount of annoyance amongst them in the mid-90s when they arrived in the UK on a promise of £10,000 a week only to discover that they were expected to pay tax out of that.

Gen, that's right for Italian footballers but people in the diplomatic services are specifically excluded from personal taxation. Remember the hoo-haa over US diplomats and the congestion charge?