Dáil debates
Wednesday, 17 October 2007
Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage
5:00 pm
Richard Bruton (Dublin North Central, Fine Gael)
Will the Minister explain what he seeks to achieve in this section? I understand this relates to Icarom, the former ICI, and removes a holding company. Why does the need for this arise? Is this the company that gave rise to the 2% levy on insurance policies, which appears to be still in place? If we are making provision for winding up companies are we presenting insurance policy holders with the gift that they no longer need to pay a 2% levy? Or am I being too optimistic about the Minister's largesse?
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