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FBN’s Liz MacDonald discusses why the IMF head is receiving criticism for her comments on Greeks and their need to pay taxes while she pays no incom...
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Back here on Fox Business with the best of Imus taking up to -- company which will get under way today right around nine.
15 eastern time they get probably know Christine Lagarde is ahead of the IMF well.
Elizabeth MacDonald this year from Fox Business talk a little bit more about her at a particular.
She's not paying taxes like the rest of -- -- but doing it legal right.
Yet doing illegally and this came up because Christine Lagarde made some comments about the situation in -- and people in Greece avoiding an evading taxes increase.
And lo and behold a controversy bubbled up that IMF directors people -- the UN do not have to pay income taxes to their home countries -- -- -- a guard does say.
She pays local taxes to be let -- France but she makes a lot of money -- makes a lot of money she makes about more than half a million dollars 500 -- one million dollar OK but what what's happening is the IMF pays what's called a tax allowance sort of like CEOs at the merger mania of the eighties.
Got what's called a tax allowance is called a gross up meaning that the IMF covers her tax bill.
It's part of our compensation it's part of -- 1961.
Vienna treaty for diplomatic relations which says.
Look at we don't wanna -- diplomats harassed and harangued -- pressured.
By any country even be -- -- its own tax system but what's key here is what Christine Lagarde said about the people who are evading taxes increase which led to the recent controversy over her own.
Zero tax bill.
Let's take a look at -- comments about people evading taxes increase all these people in Greece who were trying to escape.
Taxes she's effectively saying as far as Athens it's -- -- I think about these people angry -- who do not pay taxes Greeks could help themselves collectively by all paying their taxes that they want to pay for their public.
Services and -- saying I worry more about children in Africa.
And -- and even Dave how they need more help.
Then the people and -- and so that's what led to the backlash again that interviewed the guardian newspaper cut Connell.
And so that -- -- the backlash her against her and she's being treated as a scapegoat for Greece's problems right now.
And a lot of focus is now on our own personal tax situation which has been you know nobody has that it works -- -- -- -- -- has had to -- -- -- -- lets you want but I was gonna said not to defend her or the comments -- today with regard to Greece but.
He had an American that was working a similar position in another country would be under the same.
Religion or our or our friend Dominique Strauss-Kahn was when he ran Yahoo! -- that's right in the next few bucks is given him.
That -- -- whatever authorities he's got a real IP area we know her FaceBook page is getting.
Flooded flooded with a backlash to -- in Greece she's being attacked by ministers there even though the former technocrat.
Minister of finance minister said yes people increase due -- their taxes.
But they're saying look at you know you -- you don't understand how much were suffering here.
And she put a statement upward our own FaceBook state page countering that and she is doubling down she is sticking to -- -- is saying.
Yes people greet people agrees that suffered tremendously I -- sympathy for their challenges that she is saying -- essentially that.
Look at you should still pay your fair share in taxes and you should essentially carried to share the burden.
Especially the most privileged increased about -- he's not backing down we battle this out on FaceBook now yeah that's right thank you you Mac.
