Cllr. Éilis Ryan

Speaking during a meeting this afternoon between North Inner City public representatives and Taoiseach Enda Kenny, Workers’ Party Councillor Éilís Ryan proposed that a ‘Docklands tax’ be levied on large businesses in the Docklands and IFSC, with the revenue raised being ring-fenced to fund public investment in local jobs.

“The North Inner City requires large-scale, sustained public investment to help reverse the neglect of decades”, Cllr Ryan said. “Businesses in the Docklands and the IFSC have benefited hugely not only from their prime location in the North Inner City, but also from a range of state supports and infrastructural investment. At the same time, residents are left waiting for much-needed public investment in sustainable jobs, as well as in services like social housing”.

“A ring-fenced ‘Docklands Tax’ could help fund such investment, and would enable large businesses in the Docklands and IFSC to make a tangible contribution to the community in which they operate”, Cllr Ryan concluded.

Dublin’s multi-billion Irish Financial Services Centre (Photo via Wikimedia Commons)