In the ephemeral festive glow of the coming weeks, family and friends returning home for the Christmas holidays from lives abroad will at some stage face the perennial question: “Would you ever think of coming back?”
A stock answer of our loved ones based overseas is that they would think about doing so, except for the weather and the tax.
Climate change and personal preferences aside, there is not much to be said on the (predominantly southwesterly and wet) weather front. But does Ireland compare so poorly to neighbouring nations and further afield when it comes to how deeply the government delves into our pay packets?
Well, it depends on how much you earn mostly.
The more you earn, the more you pay
The Republic is a “highly progressive” tax nation. So says the Irish Tax Institute (ITI), the 50-year-old representative body for chartered tax advisers here. In layman’s terms, that means the more money you make, you more tax you pay.
As salary levels rise, the State quickly moves up the international income tax league table
The Organisation for Economic Co-operation and Development agrees. It cites the State as the second most…