IDA boss reveals Sinn Féin plans to woo US firms on corporate tax

Mary Lou McDonald and Pearse Doherty on ‘outreach programme’ to reassure big business, but executives fear wealth tax

Mary Lou McDonald speaking to the media ahead of the Sinn Féin Ard Fheis in November. Picture: PA

Sinn Féin has made it clear to top multinationals that it has no issue with Ireland’s corporate tax rate and will not raise it if elected, the new chairman of IDA Ireland has said.

However, Feargal O’Rourke has revealed that the party is determined to hike personal taxes on top earners, in a move that has prompted serious concerns among business leaders.

O’Rourke, the former head of PwC Ireland, said Sinn Féin has “been ...