IMF head Christine Lagarde pays no tax, is slight hypocrite

Taxes are for the little people.

open quoteChristine Lagarde, the head of the IMF, pays no taxes. The Guardian today reveals that:

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 same applies to nearly all United Nations employees.

She 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.”

On Friday, the paper reported:

Lagarde, predicting that the debt crisis has yet to run its course, adds: “Do you know what? As far as Athens is concerned, I also think about all those people who are trying to escape tax all the time. All these people in Greece who are trying to escape tax.” She says she thinks “equally” about Greeks deprived of public services and Greek citizens not paying their tax.

“I think they should also help themselves collectively.” Asked how, she replies: “By all paying their tax.”

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