SF’s corporation tax policy a threat to economy

SINN Féin’s economic policy review (Irish Examiner, January 13) gives a stark indication that it is still committed to an approach that would seriously jeopardise our economic achievements.

Sinn Féin’s pledge to increase corporation tax would remove a vital incentive to attract multinational companies.

The reductions in corporation tax to the current low rate of 12.5%, implemented by Fianna Fáil in government, have helped significantly to create record levels of employment. This far-sighted policy has also yielded over e5 billion in revenue, up from €2 billion when the rate was 36% in 1997.