DAA Covers Tax Bill for Directors’ Perks Including Exclusive Access to ‘Platinum VIP’ Terminal and Parking at Dublin Airport
The Dublin Airport Authority (DAA) has revealed that it covers the tax liabilities for the perks enjoyed by its directors. This includes substantial benefits such as access to the exclusive Platinum VIP terminal and preferential parking services at Dublin Airport.
Financial Overview of Directors’ Benefits
In the past year, DAA board members were paid a combined salary of €205,000. In addition to this remuneration, they received benefits totaling €63,858, primarily related to airport facilities.
Highlights of Directors’ Perks
- Exclusive access to the Platinum VIP terminal
- Premium parking services at Dublin Airport
- Total benefits value: €63,858
- Combined salary for directors: €205,000
Tax Liability Coverage by DAA
The DAA has confirmed that it takes on the benefit-in-kind tax liability for these perks. This decision allows directors to fully enjoy their benefits without the burden of associated taxes. The practice raises questions about corporate governance and transparency in how public entities manage expenses.
The provision of such services aligns with maintaining a high level of executive comfort and convenience. However, it also highlights the importance of oversight in the use of public resources.
Conclusion
DAA’s practice of paying tax bills for directors’ perks, including the Platinum VIP terminal access, showcases the authority’s commitment to enhancing executive experiences. As discussions continue surrounding executive compensation, transparency will remain crucial in fostering public trust.
