Sinn Féin PRSI proposal could double current rate paid by businesses

Party’s proposals to the Commission on Taxation and Welfare also include a third income tax rate and rises in capital gains and inheritance taxes

Pearse Doherty, the Sinn Féin spokesman for finance: said his party had asked the Commission on Taxation to consider a gradual increase of employers’ PRSI in order to ensure an adequate and sustainable social insurance system in the future

Sinn Féin has proposed gradually increasing employers’ PRSI to the European average, in a move that could double the current rate of social contributions paid by businesses.

The party would also implement a third income tax rate for those earning over €140,000, raise capital gains tax from 33 per cent to 40 per cent, increase inheritance tax from 33 per cent to 36 per cent, and replace property tax with a wealth tax.

The proposals ...