Outrage over IMF chief not paying taxes on salary
Reports of IMF president Christine Lagarde not paying tax on her 350,000 pounds a year salary have caused wide spread outrage.
London: Reports of International Monetary Fund (IMF) president Christine Lagarde not paying tax on her 350,000 pounds a year salary have caused wide spread outrage.
Taxpayers in IMF member states, including Britain, fund her salary. Lagarde shares her tax-free status with United Nations diplomats as part of the 1961 Vienna Convention.
“It’s utterly disgraceful that these officials can jet around the world telling others to pay their share, while they live tax free,” the Daily Express quoted John O’Connell, research director of the TaxPayers’ Alliance, as saying.
“What’s even worse is that it’s taxpayers who pick up the bill. Urgent reform is needed to ensure they practice what they preach,” he added.