Michael McDowell: Ireland can't afford generous tax treatments for the wealthy

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 ...