Economics

PwC warns clients to sell assets before Sinn Féin gets into power

International services firm highlights ‘huge threat’ party’s tax policies pose to Irish economy

PwC’s advice note lists 20 tax changes that Sinn Féin has vowed to implement in its alternative budget. Picture: Fergal Phillips

A draft PwC report to their clients has advised them to accelerate their asset sales and boost their pension contributions in order to protect their wealth before Sinn Féin gets into power.

The Big Four accounting firm has analysed the party’s plans to increase income tax for higher earners, to gather more inheritance tax and to bring in a second home tax.

The advice note, titled “What a Sinn Féin budget may look like”, outlines ...