A budget for the corporations

national | miscellaneous | news report Thursday December 05, 2002 14:22 by mac the knife

The banks, financial institutiions and big business have been given hundreds of millions of euros in corporation tax cuts again this year.

This minister of finance just like Ruairi Quinn did when he had the opportunity in government with Bruton and Lowry has given millions to the corporations. This time he has given a huge 3% cut worth hundreds of millions. This is in effect a huge giveaway and redistributes money away from the PAYE sector and gives it to the Rich business sector.