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Ireland does not have low taxes for individuals compared to continental Europe. Even compared to Sweden, personal taxation is comparable for high-earners, alth
by overscore 6y ago
Ireland does not have low taxes for individuals compared to continental Europe.
Even compared to Sweden, personal taxation is comparable for high-earners, although Ireland's much more progressive and redistributive scheme results in lower taxes for low-earners, and thus a smaller tax base.
- ChuckNorris89 6y agoHmm, it's anecdotal, but my colleagues who moved from Ireland and UK to Austria say that back there it was basically a tax heaven for tech workers compared to the income taxes they pay here so... maybe you could be wrong?
- overscore 6y ago> maybe you could be wrong? Ireland is bang on the EU average for taxation of high earners. It seems Austria has higher (although not massively so) taxation of high earners - source below. Ireland has the most progressive taxation system in the EU, so low-earners do indeed pay less personal incomes taxes than any country other than Cyprus and Estonia. Ireland is definitely not a tax haven for tech workers - you're the only person I've ever come across to hold that opinion. The UK may be closer to that, as self-employment is much more attractively taxed there than Ireland. https://www.uhy.com/uk-imposes-highest-taxes-on-inheritance-of-all-major-economies/ https://www.uhy.com/uk-imposes-highest-taxes-on-inheritance-...
- overscore 6y agoMy source for the above was intended to be: https://publicpolicy.ie/papers/comparing-irish-income-taxation-rates-with-other-eu-member-states/ https://publicpolicy.ie/papers/comparing-irish-income-taxati...
- wiredfool 6y agoI can tell you that I’m a not terribly highly paid software dev (by US standards) in Ireland and my marginal tax rate is about 50%, and it could go up a few points if I made more. Add 40% tax on cap gains as well. And bank interest. (I get < 1 eur a year in interest, and they send 40% of it odd to revenue. Why bother? Hell if I know.)