Sinn Féin’s wealth tax would be like ‘chasing your shadow’ - Michael McGrath

The finance minister said the 1 per cent tax proposed by the opposition party would be difficult to implement as Ireland already targets wealth with a number of taxes

Michael McGrath: ‘Ireland is going to need a huge amount of capital in the years ahead to build the homes that we need.’ Picture: Shane O’Neill

Michael McGrath said he could not see the wealth tax proposed by Sinn Féin being implemented as it would be like “chasing your shadow”.

The finance minister was speaking following comments by Pearse Doherty, the Sinn Féin finance spokesperson, who said last week that his party remained committed to implementing a 1 per cent wealth tax if elected.

Doherty said, however, that his party would set up a commission to look at the policy’s implementation, ...