Government should double the corporations profits tax and stop cutting wages and pensions

SINCE 1975, Ireland’s GDP doubled every 7½ years to reach €182bn in 2007.

From 1975 to 2007, multinational companies took an average of almost 15% of our GDP out of our country every year.

They called it “repatriation of profits”. Ireland will never see that money again. In the past, some multinational companies adjusted their accounts and shuffled them between various countries to minimise their tax liabilities.