Revealed: €40m drop in tax breaks claimed by high earners

183 people earning more than €400,000 a year had effective tax rate of just 16.5 per cent

3rd July, 2016

Tax breaks claimed by some of the country’s top earners dropped to about €213 million in 2014, new figures from the Revenue Commissioners reveal – a drop of about €40 million on the previous year.

The number of schemes used by high earners to reduce their tax bill has been closed off, curbing the amount they can claim.

However, hundreds of people have still managed to take advantage of incentives for investing in property,...

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