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McCreevy must tackle Bosses bloated wallets in Budget

25 November, 2003

Sinn  Féin  TD for Dublin South West, Seán Crowe TD, has said a recent survey by the  Irish  Management Institute (IMI) which showed that the pay of Irish bosses had  increased  by as much as 50% in the last year "vindicates" Sinn Féin's call for  50%  tax  rate on the superrich.   The Sinn Féin spokesperson on Social and Community  Affairs  made his comments after the IMI released figures showing the pay  of  some  chief executives increased from €249,000 in 2002 to €386,000 this year.

Deputy  Crowe said: "This news clearly vindicates Sinn Féin's call last week for a  new  top  rate  of tax at 50% for incomes in excess of €100,000.  For far too long  the  ordinary PAYE worker and those on relatively meagre incomes have been baring the brunt of the taxation policies of this Government.

"These  latest  figures,  which  graphically illustrate that the gap between the rich  and  poor  is  widening, provide a clear indicator for Charlie McCreevy ofwhere his priorities should lie in relation to generating tax revenue.

"That  bosses  are  able  to  give  themselves  increases of up to 50% while the ordinary  worker  is  bound  to a 7% increase over two years shows that Irelands ridiculously  low  corporation  tax  of  12.5%  is being used and abused to help fatten the already over bloated wallets of the captains of industry.

"Charlie  McCreevy,  instead of targeting the most disadvantaged in society with his  proposed  €58m cuts in social welfare while the Taoiseach Bertie Ahern digs his  head  further  into  the  sand  in relation to the levels of child poverty, should tackle the culture of corporate greed in this state and force the wealthy to pay their fair share. " ENDS

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