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05/07/2012
Tax-Cheat TD Calls For Higher Taxes
As the scandal surrounding his own unpaid taxes, Independent TD Mick Wallace, has called on workers to pay more taxes.
He also criticised the salary of an incoming semi-state chief executive.
That is despite almost doubling the salaries paid to himself and his son by his construction company just four years ago.
The former property developer owes €40m to banks and his company owes €2.1m to the Revenue. But in an astonishing Dail contribution, he ignored his company's tax bill while pushing for income tax hikes on higher-paid workers in the next Budget.
"One of the few promises the Government has kept is that it has not touched income tax. Perhaps it should consider breaking that promise and increase the tax rate for higher earners," he said.
Mr Wallace went on to criticise NAMA for not having "much accountability or transparency" -- even though he himself failed yesterday for the third week in a row to provide information about his company's €2.1m tax settlement to a Dail committee.
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He also criticised the salary of an incoming semi-state chief executive.
That is despite almost doubling the salaries paid to himself and his son by his construction company just four years ago.
The former property developer owes €40m to banks and his company owes €2.1m to the Revenue. But in an astonishing Dail contribution, he ignored his company's tax bill while pushing for income tax hikes on higher-paid workers in the next Budget.
"One of the few promises the Government has kept is that it has not touched income tax. Perhaps it should consider breaking that promise and increase the tax rate for higher earners," he said.
Mr Wallace went on to criticise NAMA for not having "much accountability or transparency" -- even though he himself failed yesterday for the third week in a row to provide information about his company's €2.1m tax settlement to a Dail committee.
(H)
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