Workers Party President Michael Finnegan has said that a root and branch reform of our taxation system remains central to any attempts to rectify the budget deficit.
Ireland is one of the most unequal societies in the world. At the heart of that inequality is our taxation system. PAYE workers are taxed to the hilt, whilst multinationals, Irish corporations and billionaire Irish individuals pay the bare minimum of tax – or none at all.
Statement Issued: 10th Feb 2011
"They avoid paying tax through a whole series of tax avoidance loopholes facilitated by successive FF led governments over the past number of years.
"It is a scandal that whilst workers are being hammered through punitive tax rates, high earners and large corporations pay little or no tax.
This week I met a young teacher who received her first monthly pay packet, of which she paid €1600 in tax.
"In 2009 Ryanair paid no tax at all on profits of €3 billion. That is the scale of the inequality. It must end.
"The Workers Party will act to remove all legal loopholes which allow for the avoidance by, or minimal tax returns on the part of, wealthy individuals and corporations.
“In addition we will abolish the Universal Social Charge, which is a tax on those who can least afford it, and introduce a 1% wealth tax on all wealth over €1 million”.