Call for large firms to pay 6% profits tax

Ensuring large corporations pay 6% of their profits in tax would be one way of generating the revenue necessary to address “major infrastructure gaps” in areas such as water, broadband, energy, social housing, healthcare facilities and schools, Social Justice Ireland has said.

In its newly published 2015 Socio-economic Review, the think tank and advocacy organisation said the time had come for a debate on the country’s economic and social priorities in the years ahead. It said the choice had to be made as to whether to collectively pursue the public purpose “or return to the petty politics of private greed”.

Social Justice Ireland said the critical areas requiring investment now are: water, social housing, public transport, especially rural transport, roads, education, healthcare, energy, broadband and environment.