Dáil debates

Tuesday, 26 March 2013

Ceisteanna - Questions (Resumed)

IFSC Clearing House Group

4:20 pm

Photo of Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

I welcome the initiative taken since this matter was last raised in the Dáil to publish the minutes of meetings of the clearing house group on the website of the Department of the Taoiseach. The minutes are interesting and reveal how the industry lobbied to have IFSC-based international insurers excluded from the Quinn insurance levy. As we know, a 2% levy was imposed on all non-life Irish insurance policyholders, but the Government changed legislation in order that foreign policholders whose insurance companies were based in the IFSC would not be levied. This demonstrates an interesting link between lobbying and the result.

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