Friday 18 August 2017

1pc corporate tax 'would give us €550m more for education'

Pay inequality: TUI president Joanne Irwin Picture: Daragh McSweeney/Provision
Pay inequality: TUI president Joanne Irwin Picture: Daragh McSweeney/Provision
Ralph Riegel

Ralph Riegel

A special corporate tax levy of 1pc has been proposed by the Teachers' Union of Ireland (TUI) to add more than €550m per annum to the Irish education sector.

TUI general secretary John MacGabhann warned that adequate funding for the education sector was now of paramount importance.

Mr MacGabhann outlined proposals for the levy at the opening of the TUI's 50th annual conference in Cork.

"The TUI has made a serious proposal that a 1pc levy should be applied to corporation profits in order to generate a dedicated fund for higher education," he said.

"These corporations benefit hugely from having available to them a very deep pool of graduate talent in this country - supplied courtesy of the Irish taxpayer. In 2015, the levy would have yielded some €550m - an investment that would have done very nicely indeed in terms of resuscitating the exhausted and gaunt figure that is the Irish third-level education system."

Meanwhile, TUI president Joanne Irwin warned that a new public sector pay deal will hinge on tackling pay inequality dating from Ireland's financial crisis and restoring the hated FEMPI pay and pension cuts.

Separately, Mr MacGabhann warned teachers that being social media 'friends' of their students can leave them open to potential professional damage and compromise.

Irish Independent

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