posted on May, 29 2012 @ 08:34 PM
The Independent (U.K.)
Wednesday 30 May 2012
Anger over Lagarde's tax-free salary
Christine Lagarde is the chief of the International Monetary Fund.
The IMF is the outfit that loans all that money to ailing nations and holds a gun to their heads (usually).
She recently spouted an ultimatum to Greece and demanded that they pay up and demanded that the Greek citizens pay their damn taxes !!!
Come to find out that SHE
receives a tax free salary with a liberal expense allowance amounting to more than $500,000 !!!!!
I think she is just another international thief and con artist.
It was called her "Let them eat cake" moment. Now Greece will be saying: "Make her pay tax".
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.
Unlike Mr Obama, however, she does not have to pay any tax on this substantial income because of her diplomatic status.
The type that always accuses others of what they themselves are guilty of.
It's an old trick
In her defense however:
Ms Lagarde is entitled, like many diplomats, to receive her income net thanks to the 1961 Treaty of Vienna. David Hawley, a spokesman for the IMF,
said: "Christine Lagarde pays all taxes levied on her, including local and property taxes in the US and France. Fund salaries, like those in most
international organisations, are paid on a lower, net of tax basis to ensure equal pay for equal work regardless of nationality.
edit on May-29-2012 by xuenchen because: (no reason given)