Lagarde On Taxes And Diplomacy: It's All TurboTax To Me

Tyler Durden's picture

What is it about IMF heads and inserting foot, or some other appendage, in mouth, or some other orifice?

The Forelash (sic): It's payback time: don't expect sympathy – Lagarde to Greeks

Using some of the bluntest language of the two-and-a-half-year debt crisis, she says Greek parents have to take responsibility if their children are being affected by spending cuts. "Parents have to pay their tax," she says.


Lagarde, predicting that the debt crisis has yet to run its course,  adds: "Do you know what? As far as Athens is concerned, I also think  about all those people who are trying to escape tax all the time. All  these people in Greece who are trying to escape tax."


She says she  thinks "equally" about Greeks deprived of public services and Greek  citizens not paying their tax."I think they should also help themselves collectively." Asked how, she replies:  "By all paying their tax.


"Asked if she is essentially saying to the Greeks and others in Europe that they have had a nice time and it is now payback time, she responds: "That's right."

And the Backlash: Christine Lagarde, scourge of tax evaders, pays no tax

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.


The same applies to nearly all United Nations employees – article 34 of the Vienna convention on diplomatic relations of 1961, which has been signed by 187 states, declares: "A diplomatic agent shall be exempt from all dues and taxes, personal or real, national, regional or municipal."


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


The managing director of the International Monetary Fund is paid a salary of $467,940 (£298,675), automatically increased every year according to inflation. On top of that she receives an allowance of $83,760 – payable without "justification" – and additional expenses for entertainment, making her total package worth more than the amount received by US President Barack Obama according to reports last night.


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.

Uhm, what inflation? Isn't the world drowning in deflation according to the central planner? Also, why not avoid all the unbearable hypocrisy and just use TurboTax: it works for the most prominent tax evader in the "free world."

Our only question: has Lagarde spent all her tax-free, hypocrisy-laden money purchasing spare containers of Agent Orange from Angelo Mozilo?

courtesy of William Banzai

Our advice madame IMF head - avoid presidential suites at New York hotels like any tanning lotion with a SPF less than 50.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Pladizow's picture

Looks like the too tan mom mated with one of those kids with the old people disesase!

Ag1761's picture

I think she's kind of cute

Ag1761's picture

Sorry, I was refering to that babe on one of my 1 Oz Gold Britania coins there and happened to post on the wrong thread :-) which ar eincidentally capital gains tax free.

margaris's picture

this fine lady would use her sharp spoon on you in a heartbeat.

Cognitive Dissonance's picture

Nice! Heart of Janus. It's what's for dinner.

However.......I would never mistake her Trident for a Spork or a Foon. :)


margaris's picture

lol, I keep confusing those two.... thanks for helping a handicapped guy with a new word... am going to say Spork from now on.


Thanks cognitive dissonance... finally I understand the deeper meaning of your avatar pic.

Cognitive Dissonance's picture

Mrs Cog thinks I go to KFC for the greasy heart attack chicken dinners and the stomach ache that results. 

In fact I just want to play with the Sporks. :)

slewie the pi-rat's picture

very bi-partisan!

spork, it's what's for dinner;  charge it;  and make certain that jamie gets the end piece;  then blythe will other-end the far slice

she makes my piglet plump, BiCheZ!

TrainWreck1's picture

[Rudy Eugene]That face looks good enough to eat![/Rudy Eugene]



The Alarmist's picture

She kind of looks like Courtney Thorne-Smith aged forward about 40 years.

janus's picture

see, there you go, COG.

i'm sittin here doin all i can to keep from inciting a generational war, and you've got to come along and provoke kindly-ole janus...i'll let it go for now.

besides, i'd recommend a slice of my liver with a side of fava beans...mmm! mmm!

the gourmand,


Cognitive Dissonance's picture

Nice Hannibal Lecter referrence.

I prefer lobotomy leftovers. But that's just me. :)


PrinceDraxx's picture

Looks like an hors d'oeuvre fork to me.

janus's picture

it wouldn't be the first time i'd been sharp-spooned...lawd, if i had a nickle for every sharp-spoonin i ever got...why, i could buy facebook at a realistic valuation.

my point is: you can't go through life dreading the occasional trident or have to embrace the risk, be suave, move in for the skirt...damn the consequences, i say.

i think she's thinkin bout janus right now.

simper rex,


janus's picture

that's a half-truth!  and it's spurious to boot.

Stoploss's picture

Aw hell no, that's a naw yer.

You wake up wrapped around that, and you will naw yer arm off just to get away before it wakes up..

Manthong's picture

I’ve mentioned that I think she looks like tan mom’s dad.. I take that back.

She looks more like tan mom’s grandfather.

Michael's picture

I love it when my plans come together.

tarsubil's picture

Is it me or does she tan too much?

Frankie Carbone's picture

Nice tits! I wonder about this little golddigger though. Shaved, trimmed, or au natual? 

Winston Churchill's picture

Go wash out your mouth and eyes with battery acid.

Mr Lennon Hendrix's picture

That's not a woman man, that's a man!!!!

margaris's picture

Thats not a human.... thats a "scourged flesh" or should I say "scorched earth"

cbxer55's picture

Looks like a zombie to me. Gonna be spotted down in Miami any day now. ;-0

goldm3mb3r's picture

In the flm of her life, she would be played by Gary Oldman.

Bollixed's picture

"The Portrait of Dorian Grey - Part Deux"

markmotive's picture

For anyone that wants to know where all this is headed (WWIII), bookmark this link and dive into it when you have a few hours.

Ghosts of the Ostfront:

Frankie Carbone's picture

Lagarde is French. She wouldn't know anything about this stuff. She and her ilk sat out the butchery for the low low price of signing over their nation to the Krauts. 

icanhasbailout's picture

I am holding you responsible for the replacement of my lunch and the cleaning bill as well

Apeman's picture

Well... I for one would hit it.

Blammo's picture

Can someone tell me, what the requirement is for not paying taxes and getting away with it. Can I just stop bitching about tax increases and waste,or do I actually have to advocate tax increases and waste?

Transitory Disinflation's picture

More people in the world need to understand that they are being taken FOR FOOLS!


Not Too Important's picture

"A diplomatic agent shall be exempt from all dues and taxes, personal or real, national, regional or municipal."

Does this mean Hillary doesn't pay taxes, either? How about other State Dept. employees? The President? The US ambassador to the UN? Who all qualifies for this exemption?

Matt's picture

Also diplomatic immunity, so you don't pay taxes and laws don't apply to you, either. Pretty good gig if you can get it.

Chaffinch's picture

I think it's the case for most of the civil servants who work for the EU in Brussels. The rationale (yeh, right!) was something like 'it would be unfair for a French worker to pay different tax to a German worker, if they are both doing the same job but just happen to come from different countries with different fiscal policies'. Nice solution, huh?
That would date back to the 1970s; quite a lot of tax that would be, eh?

New_Meat's picture

(yeh, right!) as was Turbo-Timmah in his plus-up at the IMF.

Fricken TurboTax can't figure this shit out!

- Ned

Freddie's picture

She is totally plugged in with the Oba Chicago gang.  ZH is still filled with loads of Dems who love their satan.  

wisefool's picture

yeah, but Hank "tanks in the streets" Paulson sold something like $200MM in stocks, completely tax free, when GWB "forced" him to become Timmays predecessor.

New_Meat's picture

That is the true GS revolving door, don't cha' know. - Ned

palmereldritch's picture

"Looks like the too tan mom mated with one of those kids with the old people disesase!"

Hope it's not the bath salts talkin'

Cognitive Dissonance's picture

"All these people in Greece who are trying to escape tax."

This statement presumes that "taxation" is needed and desirable and that the collected "taxes" will be used "wisely".

These concepts (and many many more) are all very poor assumptions to make. It seems the Greeks are just way ahead of the times.

redpill's picture

I think Mr. Panos needs to have a little chat with her.

Dr. Eldon Tyrell's picture


redpill's picture

Christiiiiiine, zeh hellenic people of zeh worlt have a message for joo....FACK YOU MALAKA!!