Irish Times: Rich Taxed at rate below average worker

[Brendan Burgess]

OK, so their high earnings in previous years were restricted in previous years, but they "saved" €111m in tax in 2014?

This must distort things quite a bit. It's a huge number.

Brendan

 

[Sophrosyne]

Certain reliefs they claimed in previous years were restricted, but unused reliefs can be carried forward.

Yes, is does distort things.

 

[Sophrosyne]

I suppose another thing to note is that a lot of the specified reliefs and those carried forward refer to legacy property based tax incentives, some of which are more than 30 years old.