Govt urged to cut agri insurance tax Eireene Jairee Gomez
The government should slash the onerous tax of 26 percent to 27 percent on nonlife and agriculture insurance premium, an agri-finance expert said, stressing that the current policy hinders the entry of cash-rich private sector investors that can significantly accelerate rural farm activity through financing.
In a webinar hosted by the Southeast Asian Regional Center for Graduate Study and Research in Agriculture (Searca), Jaime Aristotle Alip said tax on nonlife insurance, including those for crop or agriculture insurance, should be around the rate of life insurance, which is only at a minimal 2 percent. Other nonlife insurance with high tax are disaster insurance and health insurance, he added.
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Feb 15, 2021
For the third time since the beginning of the pandemic, philanthropic leaders in Cattaraugus County helped facilitate the distribution of microgrants from the WNY COVID-19 Community Fund Response Fund to organizations working on the front lines to provide relief to those most impacted by the ongoing pandemic, culminating in 36 grants totaling $45,000.
The Western New York COVID-19 Community Response Fund was created by the philanthropic community to support nonprofits addressing immediate needs in response to the COVID-19 crisis in the eight counties of Western New York.
In the prior rounds of grantmaking, the WNY Fund’s microgrant program issued $34,000 in relief funding to the Cattaraugus Region Community Foundation, which acted as the fiscal agent to distribute grants to organizations providing needed services to vulnerable and impacted populations.
Valley View Baptist Church Food Pantry - $1,000
YMCA of the Twin Tiers - $1,500
Those grants together total $10,000, bringing the total of COVID-19 Response aid in Cattaraugus County facilitated by CRCF and its philanthropic partners to over $169,000.
In total, BlueCross BlueShield Blue Fund invested $1.7 million into the community in 2020.
“BlueCross BlueShield has a long-standing history of supporting organizations dedicated to improving the lives of individuals in all eight counties of Western New York,” said David W. Anderson, President and CEO, BlueCross BlueShield of Western New York. “We’ll continue to pivot our Blue Fund grants to ensure we’re supporting the greatest needs in every corner of the region.”