Ibec chief dismisses economics of MEP Ming

The head of the country’s biggest business body has dismissed the economic policies of new MEP, Luke ‘Ming’ Flanagan.

Danny McCoy was emphasising the importance of cutting taxes in order to increase government revenue. He said that by lowering taxes, the increased activity in the economy would more than make up for any loss in exchequer revenue.

“The tax cuts are to deliver more tax revenue — cut the taxes to increase the revenue. It won’t go down well in Roscommon with Flanagan ‘Ming the Merciless’ territory, but that is exactly what we are talking about — cut the taxes and increase the revenue, that comes from the increase in activity, that’s the simple message from this,” he said.