Wealth Tax on millionaires fairer than Property Tax, says Sinn Féin

» John Hedges

An Phoblacht Editor

Families already struggling to pay existing bills

THE Fine Gael/Labour Government’s new Property Tax – estimated by Taoiseach Enda Kenny to cost families an additional €250 to €400 a year – will be of little comfort to families already struggling to pay existing bills, Sinn Féin says.

Sinn Féin argues that a Wealth Tax on millionaires which links ability to pay with a percentage tax on all property – physical, material and financial – over €1million is much fairer.

Sinn Féin spokesperson on Local Government Brian Stanley TD reiterates that Sinn Féin is opposed to the Property Tax in principle as it does not take into account ability to pay.