Elite foreign workers to save on tax

High-earning foreign executives who relocate to this country for several years could escape hundreds of thousands of euro in taxes under incentives unveiled by Michael Noonan.

The finance minister yesterday announced a series of measures aimed at increasing Ireland’s attractiveness as a place to do business and creating employment.

They included generous tax breaks for key staff who relocate from abroad to the Irish-based operations of their employer for between one and five years and who earn more than €75,000.