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Monday 18 February 2019

IBEC hits out as Sinn Fein admits it has no set corporation tax policy

Fionnan Sheahan Political Editor

SINN Fein admitted it doesn't have a set policy on the rate of corporation tax yesterday, as a business group attacked its claim that the Lisbon Treaty is bad for business.

The country's top business group, IBEC, dismissed Sinn Fein's stance, saying the party had "no credibility when it came to matters relating to the Irish economy" and could not be trusted on the issue.

Describing the Lisbon Treaty as "a very good deal from a business perspective", IBEC director Brendan Butler said it would further support Irish business and jobs and dismissed the Sinn Fein view to the contrary.

"Throughout this campaign, Sinn Fein has misled the Irish public on business issues, including Ireland's veto on tax and on WTO decisions," he said.

Defending her party's business credentials, Sinn Fein MEP Mary Lou-McDonald said: "I think we are as well placed as anybody else to comment on business and job creation."

But it wasn't until just before last year's general election that Sinn Fein dropped its policy of seeking a dramatic increase in the rate of corporation tax. Since then, the party has decided not to say the level at which corporation tax should be set.

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