Published Thursday, 26 July 2012
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If given control of the tax, Stormont hopes to lower it to match the rate in the Republic of Ireland - a shift from 24% to 12.5%.
The decision is expected to be taken in the autumn, but the Treasury has predicted that the devolution would result in a £500 million cut from Northern Ireland's block grant.
Owen Paterson has also said that questions over the cost of reducing the tax rate "must be resolved before a final decision can be made".
But on Thursday, Sammy Wilson described the Treasury plans as "a smash and grab raid on the budget of Northern Ireland".
"When you're going into a political fight like we are going to have to go into in the autumn, then you really want to have a Secretary of State who is well clued in to the issues here in Northern Ireland, and who is sympathetic to the issues that we have in Northern Ireland, in respect to the costs of this.
It would be damaging to the economy of Northern Ireland if we had to get that amount of money taken off the block grant.
"We have to keep public services going here in Northern Ireland. Industry wants us to keep spending money on infrastructure. We can only do that if we have spending money in the purse.
"That's why I would have expected the Secretary of State to have some sympathy with the situation that we have got here."
In the House of Commons earlier this month, the Exchequer Secretary to the Treasury, David Gauke, was questioned about the progress of the devolution.
"While good progress has been made on some aspects of the work, including the potential shape of a devolved corporation tax regime, there remain some crucial areas where significant differences of opinion still exist, including on the potential costs to the Northern Ireland block grant," he explained.
The Finance Minister described Owen Paterson's attitude towards the cost of devolving the tax as "blasé".
Sammy Wilson said he believes the figures now given by the government do not give fair representation of the cost of handing over power of corporation tax to the region, and suggested the government is more focused on cutting the deficit.
"That means getting as much money from government departments and devolved administrations as they can," said Mr Wilson.
It is hoped that a drop in the corporation tax rate would bolster investment and create jobs.
Last year, a public consultation exercise on the matter received over 700 responses from interested parties.