McCreevy must tackle Bosses bloated wallets in Budget
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