DUBLIN: Irish professionals working abroad could be offered lower income tax rates as part of a mooted plan to lure highly-skilled graduates home.
The so-called emigrants’ tax would see doctors, bankers and techies return home from Sydney, New York and Vancouver to pay an effective tax rate of just 30 per cent, compared with a rate of as much as 55 per cent for self-employed people working in Ireland.
It’s understood that the lower tax rate has been proposed by Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor in a pre-budget submission and would be aimed at those earning in excess of €75,000 in specialist jobs in areas such as medicine, science, IT and finance.
