Revenue from unpaid DIRT by the financial institutions should be diverted into child care, Sinn Fein says. Announcing the party's pre-Budget submission, Mr Caoimhghin O Colain TD said £500 million should be injected into childcare, incorporating the unpaid DIRT and money already set aside.
The party has proposed increased tax-free allowances for the low-paid and the single, with exemptions from the higher rate of tax below £28,400. An increase in capital gains tax on owners of multiple dwellings to 40 per cent to encourage them to sell their assets would help to deflate house prices, it says.