IMF chief Christine Lagarde has tax-free salary !!, page 1

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 !!!!!

How ironic.

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.

I think she is just another international thief and con artist.

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.

reply to post by xuenchen

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That's an honorary role btw. The position has no administrative authority within the entity.

The reason why she holds the post at the moment is that France still wants to be seen as a powerful nation, so the rest of the West humors the pitiful lil nation with such appointments to make them feel big. Her real position now is a retired French bureaucratic lawyer. She is probably playing Bridge and Shuffleboard aboard on some cruise-liner somewhere that caters to old people.

PS The Board of Governors have to all agree when acting upon this> en.wikipedia.org... The post she holds is not like the FED chairman of the Federal Reserve System of the U.S.. The BoG of the IMF are nothing more than figureheads who take their marching orders from their respective countries they represent in the IMF.

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