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Mon 09 Sep 2009Abolition of artists' exemption recommended
The Commission on Taxation has, as expected, recommended the abolition of the artists' tax exemption and it said consideration should be given to introducing "income averaging" in the taxation of income from creative work.
A total of 28 of the country’s artists who had incomes over €1 million saved a total of more than €32.5 million in 2006 under the tax exemption scheme. This is the most recent year for which figures are available.
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