Dáil Éireann Debate, Tuesday - 6 October 2009
249 Deputy Aengus Ó Snodaigh asked the Minister for Finance the logic behind the tax on life insurance and assurance policies introduced recently; and his views on removing it or removing it for those policies which are compulsory for mortgages. [33072/09]
Amharc ar fhreagraIn the Supplementary Budget 2009, I introduced a life insurance levy at a rate of 1% on premiums. This measure is one small part of this Government's concerted effort to raise the revenue necessary to help address the serious recent decline in the public finances.
All taxes and potential taxation measures are constantly reviewed in the context of the Budget and Finance Bill. As the Deputy is aware, it is not customary for the Minister of Finance to comment on specific tax and expenditure changes in advance of the Budget.
