Christine Lagarde, scourge of tax evaders, pays no tax

[Steve]

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

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.

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.

According to Lagarde's contract she is also entitled to a pay rise on 1 July every year during her five-year contract.

Other benefits include rent subsidies, dependency allowances for spouses and children, education grants for school-age children and travel and shipping expenses, as well as subsidised medical insurance.

For many years critics have complained that IMF, World Bank, and United Nations employees are able to live large at international taxpayers' expense.

http://www.guardian.co.uk/business/2...de-pays-no-tax