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CORI Urges Tax Increases For Corporations And The Wealthy

by Jason Gorringe, Tax-News.com, London

15 April 2004

In a review published on Wednesday, the Conference of Religious in Ireland (CORI) called on the Republic's government to increase taxes for those that can afford them, in order to bridge the growing gap between rich and poor in Ireland.

Arguing that the country's low tax policy is depriving the disadvantaged sectors of the population of improved standards of health, education, and social welfare, the social justice group revealed that according to a recent OECD survey, Ireland's tax revenue in 2002 was 28% of GDP, lower than any other EU member state.

CORI went on to suggest that in order to boost Ireland's low level of social spending, the government should increase corporate taxes from their current level of 12.5% to 17.5%, should end various tax breaks for the country's wealthier citizens, and should reduce the level of tax relief provided to that group from 42% to 20%.

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