Forum Post: Anger Over Lagarde's Tax-Free Salary After Remark About time for Greeks to Pay their Taxes
Posted 1 year ago on May 29, 2012, 11:10 p.m. EST by Middleaged
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Anger over Lagarde's tax-free salary Rob Hastings, Wednesday 30 May 2012
The IMF chief Christine Lagarde was accused of hypocrisy yesterday after it emerged that she pays no income tax – just days after blaming the Greeks for causing their financial peril by dodging their own bills.
The managing director of the International Monetary Fund is paid a salary of $467,940 (£298,675), automatically increased every year according to inflation. On top of that she receives an allowance of $83,760 – payable without "justification" – and additional expenses for entertainment, making her total package worth more than the amount received by US President Barack Obama according to reports last night.