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 Sunday Business Port reveals. 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 delivery of thousands of homes in central Dublin, including most of the 3,800 apartments being developed on the former Glass Bottle site by a Johnny Ronan-led consortium, is at risk due to water and electricity shortages, a report in the Sunday Business Post states.
Sinn Fein have always been anti-business, as are all Marxist parties.