Make tax credits refundable, says CORI

THE refunding of tax credits to low-paid employees would help tackle problems of child poverty, childcare and ‘working poor’, according to religious leaders.

The Conference of Religious of Ireland (CORI) justice commission taxation policy suggests that the Government could achieve this without having to increase income tax or corporation tax rates.

However, the commission also warns against being caught in a race to the bottom which could reduce corporation tax to zero because of competition from some EU countries.