For “Tax Varying” Powers read “Tax Raising Powers” says UUP in opposing Assembly Motion
UUP Finance spokesman Roy Beggs MLA today articulated the UUP’s opposition to a Sinn Fein motion in the Assembly for tax varying powers to be transferred to the Executive.
In a statement Mr Beggs said,
“I have no doubt that for ‘tax varying power’ we should be reading ‘tax raising power’, no doubt with a view to facilitate a new additional local income tax or business taxes.
Some politicians appear to believe that they can solve our economic problems by simply imposing additional taxes on workers and companies to increase public expenditure. For Northern Ireland to progress economically, we must carefully consider what effect any changes may have on jobs in the real economy.
We need to listen to our private sector employers. We should not be placing additional burdens on them.
Sinn Fein appears to continue to be out of touch with economic relatives. Let’s make the best use of Northern Ireland’s existing public funding and not add any further impediments to local jobs.”