News from around the globe………

Ireland takes steps to raise tax rates for highest income earners.

High earners enjoyed nearly 60 tax reliefs

Isn’t it strange how some countries deal with problems? It’s no surprise that the rich receive favorable tax treatment in every country. What’s surprising is the manner in which different countries are approaching this situation. In America there seems to be little desire (from either party) to eliminate any except the most egregious of the tax rules that favor the rich. A study conducted by the Irish government found that high income earners were afforded generous(and questionable) tax breaks. The government used the study as a basis to end many tax breaks and raise the rates on Ireland’s highest income earners.