✅ Alliance demands levy on insurance company profits - Independent.ie

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✍   The Independent Alliance will insist on the introduction of a levy on insurance company profits during the forthcoming Budget negotiations, the Sunday Independent has learned.  The levy will be targeted at insurance companies making significant profits, despite the crippling cost of premiums for businesses, motorists and homeowners. Please log in or register with Independent.ie for free access to this article. Log In New to Independent.ie? Create an account  The alliance of Independent ministers is proposing a levy of between 2pc and 5pc on the profits of firms making millions of euros, while the vernment is struggling to tackle the rising cost of insurance.  "We are looking at the possibility of an insurance levy and papers are being prepared on ways to bring down premiums," an Alliance source said.  A draft document on the proposal is being drawn up by Transport Minister Shane Ross, and a number of concerns surrounding the levy are being examined.  A central concern is that t ...
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