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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.

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Wed, 05/30/2012 - 14:21 | 2476606 Pladizow
Pladizow's picture

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

Wed, 05/30/2012 - 14:23 | 2476610 redpill
redpill's picture


Wed, 05/30/2012 - 14:23 | 2476617 Ag1761
Ag1761's picture

I think she's kind of cute

Wed, 05/30/2012 - 14:28 | 2476646 Ag1761
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.

Wed, 05/30/2012 - 14:35 | 2476692 janus
janus's picture

i'd sport-fuck her

Wed, 05/30/2012 - 14:48 | 2476763 margaris
margaris's picture

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

Wed, 05/30/2012 - 14:54 | 2476785 Cognitive Dissonance
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. :)




Wed, 05/30/2012 - 15:00 | 2476799 margaris
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.

Wed, 05/30/2012 - 15:03 | 2476833 Cognitive Dissonance
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. :)

Wed, 05/30/2012 - 15:13 | 2476887 slewie the pi-rat
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!

Wed, 05/30/2012 - 15:39 | 2477011 TrainWreck1
TrainWreck1's picture

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



Wed, 05/30/2012 - 19:39 | 2477724 The Alarmist
The Alarmist's picture

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

Wed, 05/30/2012 - 15:53 | 2477098 janus
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,


Wed, 05/30/2012 - 16:07 | 2477139 Cognitive Dissonance
Cognitive Dissonance's picture

Nice Hannibal Lecter referrence.



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


Thu, 05/31/2012 - 11:46 | 2479738 PrinceDraxx
PrinceDraxx's picture

Looks like an hors d'oeuvre fork to me.

Wed, 05/30/2012 - 15:16 | 2476898 janus
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 sharp-spoon...you 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,


Wed, 05/30/2012 - 15:01 | 2476828 darteaus
darteaus's picture

You'd do roadkill.

Wed, 05/30/2012 - 15:47 | 2477076 janus
janus's picture

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

Wed, 05/30/2012 - 15:17 | 2476904 Stoploss
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..

Wed, 05/30/2012 - 15:28 | 2476951 Manthong
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.

Wed, 05/30/2012 - 20:52 | 2477857 Bezukhov
Wed, 05/30/2012 - 14:50 | 2476771 Michael
Michael's picture

I love it when my plans come together.

Wed, 05/30/2012 - 15:13 | 2476886 tarsubil
tarsubil's picture

Is it me or does she tan too much?

Thu, 05/31/2012 - 02:51 | 2478500 Frankie Carbone
Frankie Carbone's picture

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

Wed, 05/30/2012 - 14:30 | 2476656 Winston Churchill
Winston Churchill's picture

Go wash out your mouth and eyes with battery acid.

Wed, 05/30/2012 - 14:44 | 2476741 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

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

Wed, 05/30/2012 - 14:52 | 2476786 margaris
margaris's picture

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

Wed, 05/30/2012 - 23:28 | 2478267 cbxer55
cbxer55's picture

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

Wed, 05/30/2012 - 14:57 | 2476810 goldm3mb3r
goldm3mb3r's picture

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

Wed, 05/30/2012 - 15:10 | 2476873 Bollixed
Bollixed's picture

"The Portrait of Dorian Grey - Part Deux"

Wed, 05/30/2012 - 14:36 | 2476700 markmotive
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:


Thu, 05/31/2012 - 06:34 | 2478624 Frankie Carbone
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. 

Wed, 05/30/2012 - 15:05 | 2476850 icanhasbailout
icanhasbailout's picture

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

Wed, 05/30/2012 - 15:06 | 2476855 Apeman
Apeman's picture

Well... I for one would hit it.

Wed, 05/30/2012 - 14:49 | 2476769 Stoploss
Stoploss's picture

Insane hypocritch..

Wed, 05/30/2012 - 15:42 | 2477036 Blammo
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?

Wed, 05/30/2012 - 14:26 | 2476637 Transitory Disi...
Transitory Disinflation's picture

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


Wed, 05/30/2012 - 14:39 | 2476716 Not Too Important
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?

Wed, 05/30/2012 - 15:08 | 2476857 Matt
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.

Wed, 05/30/2012 - 15:59 | 2477119 Chaffinch
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?

Wed, 05/30/2012 - 18:18 | 2477551 New_Meat
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

Wed, 05/30/2012 - 15:11 | 2476877 Freddie
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.  

Wed, 05/30/2012 - 15:19 | 2476913 wisefool
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.

Wed, 05/30/2012 - 18:19 | 2477554 New_Meat
New_Meat's picture

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

Wed, 05/30/2012 - 17:52 | 2477480 palmereldritch
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'


Wed, 05/30/2012 - 14:24 | 2476615 Cognitive Dissonance
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.

Wed, 05/30/2012 - 14:26 | 2476636 redpill
redpill's picture

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

Wed, 05/30/2012 - 14:29 | 2476654 Dr. Eldon Tyrell
Dr. Eldon Tyrell's picture


Wed, 05/30/2012 - 14:51 | 2476780 redpill
redpill's picture

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

Do NOT follow this link or you will be banned from the site!