KPMG and the Irish Tax Institute compared the tax burden on workers across eight countries and found it’s a very different story depending on if you’re a high or a low earner.
KPMG and the Irish Tax Institute compared the tax burden on workers across eight countries and found it’s a very different story depending on if you’re a high or a low earner . Figures show that someone earning €48,000 in Ireland will pay over €4,000 more in personal taxes a year than they would in the US, while if you earn €150,000, you would get to keep a staggering additional €40,000 if you earned that money in Singapore rather than Ireland .
On the other hand, if your income is at the other end of the scale, you may be happier to be tax resident in Ireland. Someone earning €25,000, for example, will get to keep almost €350 a month more in Ireland than they would if they had earned it in another country
Tax Burden Workers Comparison Countries High Earner Low Earner Ireland US Singapore
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ireland and Apple face key opinion next week on EU tax caseApple tax case: General mood in Government circles is that it’ll soon be releasing the funds in escrow bank to tech giant. But what if Vestager secures a rare tax-aid victory?
Read more »
Setback for Ireland as EU legal advisor recommends Apple tax case be revisitedThe non-binding opinion is seen as a significant setback to Ireland’s defence of its past tax treatment of the US technology giant
Read more »
Michael McGrath restates position that Apple paid correct tax in Ireland after new ECJ rulingFinance minister published a statement this morning saying that he ‘notes the opinion’ of the advocate general, but that it held no legal enforceability
Read more »
Setback for Ireland in €13 billion Apple tax case as ECJ advocate general sides with CommissionIn a significant setback for the Irish government and Apple, the ECJ’s advocate general has said the EU’s general court should reopen the case
Read more »
Connected newsletter: Setback for Ireland in €13 billion Apple tax case as Web Summit backlash continuesConnected at the Business Post is your source for the news that matters in technology and innovation, all told from an Irish perspective
Read more »
Ireland identified as one of world’s top tax havensReport by EU Tax Observatory says Ireland and Netherlands saw largest amount of profit shifting worth over $140bn for each in 2019
Read more »