Christine Lagarde, scourge of Greek tax evaders, pays zero tax

IMF boss who caused international outrage when she suggested that Greeks should pay their taxes earns a tax-free salary

Kim Willsher
Guardian
May 29, 2012

Christine Lagarde, the IMF boss who caused international outrage after she suggested in an interview with the Guardian on Friday that beleaguered Greeks might do well to pay their taxes, pays no taxes, it has emerged.

As an official of an international institution, her salary of $467,940 (£298,675) a year plus $83,760 additional allowance a year is not subject to any taxes.

The former French finance minister took over as managing director of the IMF last year when she succeeded her disgraced compatriot Dominique Strauss-Kahn, who was forced to resign after he faced charges – later dropped – of sexually attacking a New York hotel maid.

Lagarde, 56, receives a pay and benefits package worth more than American president Barack Obama earns from the United States government, and he pays taxes on it.

Read full report here

This article was posted: Tuesday, May 29, 2012 at 9:25 am

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