First of all, we would do an overhaul of the tax system

Says Gerry Adams on RTE’s This Week, by making sure the super-rich get taxed. Sinn Fein would stop public money going into ‘privateers and speculators’, he says, by stopping tax incentives, “tax give-aways in terms of the privatisation of the health service”, and that “all of the loopholes that are being exploited by the super rich would be closed”. Corporation tax in the south would not be increased; Adams says that SF wants to harmonise it right across the island and further to that wants to give small, local, indigenous businesses the same assistance as given to multinationals, and would keep corporation tax at 12.5%, a change from their previous policy of wanting to raise it to 17.5%. Snippets from the interview:
“For the same amount of money we could eliminate huge areas of poverty in terms of families who are living on low incomes in terms of taking children under the age of 18 and giving them the type of equality of opportunity in terms of sorting out the education of, Sinn Fein would promise to take all of our children out of pre-fabs and put them into decent buildings.”
Tax on workers: asked about a tax rate of 50% on high earners (€100,000), “No longer policy, it was a pre-budget submission,” Adams says. “We are proposing that we should not be increasing the tax take on middle income families – people who earn 100,000 are not super rich. We are not about increasing the tax. We will have a year of long overhaul to make sure loopholes are closed. We have no intention of increasing the tax intake for middle income or lower income. The big issue, how are the taxes that are raised are being used.”
When pressed about details of what tax rates would be, Adams said, “We don’t need to know (what the rates are going to be). The big issues that I’m getting back from the doorsteps is the disgraceful state of the health services. So what Sinn Fein is saying is that the public’s money would be put into the health services.
“There’s a crisis in housing, we’re saying, when you ask about tax, we would not remove Stamp Duty. We would give mortgage interest relief to full time buyers because they clearly need help and people who want to downsize, principle homeowners because they also need help but we would not help speculators and we would give stamp duty money into, dedicate it, into a house build programme of 14,000.
“We’d give those people (people considering buying a house at the moment) mortgage tax relief.”
Listen to the interview.

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