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Sunday 1 October 2023 Dublin: 16°C

# Bank Levy

This year
2023
Irish government dismisses suggestion of Italian-style windfall tax on bank profits
The future of Ireland’s existing bank levy will be decided in the Budget.
All time
Banks treating people on variable mortgage rates "very badly"
The Health Minister made the comment today.
Bank levy will cost Bank of Ireland €40 million a year
The Government estimated that the levy would raise a total of €150 million for the exchequer each year from all Irish domestic banks.
Merkel ally admits European authorities underestimated Cyprus 'mess'
Elmar Brok, the chair of the European Parliament’s Foreign Affairs Committee, has admitted he can foresee a situation where Cyprus could exit the single currency and said that authorities underestimated the current situation there.
Cypriot president: Bank deposits levy the 'least painful option'
“The solution we came to is certainly not the one we wanted, but its the least painful under the circumstances,” president Nicos Anastasiades said in a televised address to Cypriots this evening.
EU may push for bank levy instead of corporation tax rise
Introducing the levy could allow Ireland to save face in Europe – which is particularly important now that the IMF has said it is reluctant to pump money into the Irish banking sector.