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Donohoe warns insurers could reduce investment if taxed over state supports | Business Post

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Donohoe warns insurers could reduce investment if taxed over state supports, reports peterodwyer1.

Paschal Donohoe said he wanted insurers to return the value of state supports they had deducted from payouts to customers rather than seeing the funds used to offset the companies’ own costs. Picture: RollingNews.ie

Taxing insurance companies to recoup public money provided to businesses throughout the pandemic could risk insurers reducing their investment in Ireland, Finance Minister Paschal Donohoe has warned. Donohoe said he wanted insurers to return the value of state supports they had deducted from payouts to customers rather than seeing the funds used to offset the companies’ own costs.Subscribe from just €1 for the first month!

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InsuranceRefIre peterodwyer1 This. This is why we need to make Ireland as attractive as possible to insurance co.s. Then we will have the flexibility to push them on price etc. Reducing the risk of compensation liabilities is one of the best ways of doing this! You’ve had years to fix it Paschald!

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