Friday February 21, 2020

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

Ian Guider

Markets Editor

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,...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The narrative of the Sinn Féin surge suggests that politics in Ireland is becoming more polarised like in the US and Britain, but the reality is far more complex

Colin Murphy | 5 days ago

Bank chief McDonagh says move would create better work environment for young parents and people with caring responsibilities

Killian Woods | 5 days ago

Despite a belated show of independence, the US attorney general has been a willing pawn in Trump’s interference in criminal investigations being carried out by the Department of Justice

Marion McKeone | 5 days ago