Ireland’s Finance Minister Brian Lenihan has introduced new measures that will hit the Irish rich where they live, literally. Major figures such as Bono and others members of U2, as well as many leading businessmen, are essentially tax exiles from Ireland despite being citizens.
Now however, if you hold an Irish passport and have extensive holdings in Ireland, Lenihan said he will introduce a $300,000-per-year levy on “all Irish nationals and persons domiciled here who earn more than $1.5 million in income worldwide, and who have capital located here worth more than $7.4 million.”