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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.
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.
Originally posted by satron
She is a part of an international crime syndicate that is willing to hang anyone out to dry.