Boyd-Barrett: Wealth tax 'could raise up to €10bn'

A prominent campaigner for a No vote in the EU Fiscal Treaty said today that he would favour gathering €10bn in extra wealth taxes if Ireland is cut off from EU funding after the referendum.

Richard Boyd-Barrett today officially launched the People Before Profit campaign for a No vote.

The Dún Laoghaire TD is rejecting the claim that Ireland could find itself cut off from European or IMF funding if the treaty is rejected.

He said that even if that were to happen, the money to run Ireland could be secured through extra taxes on high earners.

"We could get on higher income taxes on earners over 100,150 and 200,000 - [from] that you could get between €1-2bn extra into the State coffers, and you could raise through a 5% wealth levy on the...wealthiest people in this country" he said.

"You could raise between €5-10bn."

More on this topic

Independent TD Pringle loses court challenge to EU Fiscal TreatyIndependent TD Pringle loses court challenge to EU Fiscal Treaty

Tánaiste: Ratifying treaty will help Ireland renegotiate debtTánaiste: Ratifying treaty will help Ireland renegotiate debt

MEP calls on Government to keep referendum campaign promisesMEP calls on Government to keep referendum campaign promises

Referendum voting rate increasing in MidlandsReferendum voting rate increasing in Midlands


More in this Section

Air Corps helicopter assists fire crews fighting blaze in Burren National ParkAir Corps helicopter assists fire crews fighting blaze in Burren National Park

Varadkar, Martin and Ryan to try and overcome major obstacles encountered in talksVaradkar, Martin and Ryan to try and overcome major obstacles encountered in talks

Call for child poverty and education to be focus of new governmentCall for child poverty and education to be focus of new government

Gardaí appeal to parents not to leave children in cars while shoppingGardaí appeal to parents not to leave children in cars while shopping


Lifestyle

Normal People star India Mullen has told of her pride in seeing modern-day Irish culture showcased to a global audience in the TV phenomenon.‘Normal People’ star proud of TV drama’s global reach

Fearless is a slick new documentary airing next Monday on RTÉ 1 which follows Cork native and editor-in-chief of US Glamour, Samantha Barry, in the run up to the 29th Glamour Women of the Year Awards. Ruth O’Connor speaks to Barry about her editorship of one of Condé Nast's most important media outlets.The fearless Samantha Barry: From Ballincollig in Cork to editor of Glamour

More From The Irish Examiner