5% corporation tax rise would not hit our competitiveness

IN his letter attacking Sinn Féin’s policy on corporation tax (Irish Examiner, January 20), Deputy Pat Carey does a less than eloquent job of defending the status quo.

Sinn Féin makes no apologies for our position in relation to corporation tax. In common with others, including the ESRI, Sinn Féin is of the view that an increase of 5% in corporation tax would not damage the competitiveness of the State.

The increase which SF is proposing would be part of a much needed wider reform of the tax system, the objective of which would be the creation of a progressive and egalitarian system to enable the State to deliver the infrastructure and social spending which will ultimately have a beneficial impact for business.