He is also calling on Sinn Féin to clarify its position on Corporation Tax and state whether it will back Fine Gael's Private Members Debate on the issue
Fine Gael continuing to back Government- Sinn Féin, November 19, 2010Reacting to Enda Kenny’s call for Sinn Féin to clarify its position in relation to corporation tax, Sinn Féin Spokesperson on Finance Arthur Morgan Arthur Morgan has said:
“Sinn Féin will take no lectures from Fine Gael or Enda Kenny on financial strategy or on tax, particularly given their position in the consensus for cuts and their support for the Lisbon Treaty.
“Fine Gael backed the policies that created this crisis. They continue to support the Government’s disastrous economic polices just as they supported the Government in the Lisbon Treaty referendum when Sinn Féin said the EU will go after our corporation tax.
“As it becomes clear to the public that Fine Gael does not offer any real alternative to voters, Enda Kenny is desperately trying to gain some publicity for its ailing by-election candidate Barry O’Neill.
“Sinn Féin wants an overhaul of the taxation system that will see a fair and just regime. Taxation must be progressive, fair and equitable. We have set out a clear alternative budgetary approach in our pre budget submission. I would suggest that Enda Kenny take the time to read that document.
“As we have already made clear Sinn Féin has no intention of supporting increases to the corporation tax levels in this State in the foreseeable future.” ENDS
Bang on. 12.5% has become a symbol of Ireland masculinity.They should be. It is a disgrace that no political party in Ireland charges the illogical orthodoxy on corporate tax at a time when the country is starved of revenue.
As I have pointed out on numerous threads before, there is no coherent argument why the corporate tax rate couldn't be raised a couple of points with no adverse effects (the nearest rate above ours in 15%). There are plenty of pressing reasons why a raise should at least be discussed and a thorough impact assessment done.
It is a sorry indictment of Irish politics, and the lack of any strategic policy thinking therein, that no debate on this crucial issue is even countenanced. It is one thing FG and FF swallowing the evidence-less spin and guff that IBEC has chucked at them, it is a whole other thing that Labour, SF and the Greens refuse to even consider debating whether it remains valid.
To give us an edge when trying to attract foreign direct investment. So the argument goes at any rate.