Our tax regime is out of kilter

I FULLY support the call by the Conference of Religious in Ireland (CORI) on the Government to raise taxes on the wealthy in order to address the growing gap between the rich and poor caused by low-tax policies.

It said Ireland's low revenue from taxation was starving the poor of better health, education and social welfare.

A recent OECD report showed that the Irish exchequer collected less tax as a proportion of GDP than any other EU country in 2002. Ireland's tax revenue in 2002 was 28% of GDP, compared to more than 50% in Sweden. CORI said this had led to a situation where the Irish spend on social provision was little more than half the EU average.