Union boss wants levy on €100k earners

A LEVY should be imposed on those earning more than €100,000 a year to help establish a venture capital fund to invest in job creation, SIPTU president Jack O’Connor has said.

Those levied would receive a dividend on their “investment” if the fund proved successful, he suggested.

But he admitted there could be no guarantees of dividend payments — which may open the proposal to criticism that it is merely another tax in disguise.