Michael McDowell: Ireland can't afford generous tax treatments for the wealthy
When you see life-saving surgery denied over cost, tax residency for sale is a gamble Ireland can ill afford
At the height of the financial crisis, we changed our tax laws to provide for a domicile levy on certain Irish citizens whose worldwide income exceeded €1 million, whose property in Ireland was greater in value than €5 million, and whose liability to Irish income tax in a relevant tax year was less then €200,000. In 2012, the domicile levy was amended to apply to non-citizens as well.
This meant such wealthy tax exiles would pay...
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