Teachers’ union wants 1% levy on corporate profits

The Teachers’ Union of Ireland has called for a 1% levy on corporate profits in order to generate additional funding for a resource-starved higher-education sector.

The TUI, which represents some 15,000 teachers, including 4,000 members in institutes of technology, said the corporate sector derives “invaluable benefit” from the Irish graduate labour pool.

It said the levy would allow for the employment of thousands of additional academic staff and could also be used to remove the €3,000 student registration fee.