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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 (5140)
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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.

http://www.independent.co.uk/news/world/europe/anger-over-lagardes-taxfree-salary-7801028.html

4 Comments

4 Comments


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[-] 1 points by fairforall (279) 1 year ago

Barack should earn more.

And give more back.

[-] 1 points by Middleaged (5140) 1 year ago

Well, good points. He doesn't need money since he is set up now from book royalties. But yes seems like he should make more and maybe one single 6 year term. And term limits for congress and the senate.

[-] 1 points by penguento (362) 1 year ago

You're right of course, that's hypocritical; and no one should have a tax-free salary. But it doesn't change the fact that Greeks really don't pay their taxes; and that's a terrible problem they'll have to solve, however annoyed they get when someone points it out.

[-] 1 points by Middleaged (5140) 1 year ago

Yes, I don't know exactly greek working habits or taxes. I know in Europe more than a few countries have had less than 40 hour work weeks, 2 months of paid vactation a year, Paris closes for a whole month in summer, Sick days paid, Sick benefits might include many relaxing therapies, ....etc.

Maybe we should focus on anti-corruption laws, regulations, monitoring, enforcement, implementation of anti-corruption laws, funding for anti-corruption measures. We need to learn better Follow Through in this country. In the USA when there is a problem we pass a law during a political crisis in Washington DC, but there is no follow through or implementation to make sure it works.