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VCIA members testify in support of the 2024 H.659 captive bill
15 January 2024
US Reporter Frances Jones

The H.659 bill seeks to make various amendments to Vermont law relating to captive insurance

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Bermuda considers introducing corporate income tax
10 August 2023
Bermuda Reporter Jamie Richards

The proposed tax would apply to businesses that are part of multinational enterprise groups (MNEs) with annual revenue of €750 million (£648.1 million) or more

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Connecticut Rep. Courtney introduces Casualty Loss Deduction Restoration Act
13 July 2023
US Reporter Lucy Carter

Connecticut representative Joe Courtney has introduced the Casualty Loss Deduction Restoration Act to provide citizens with financial relief following losses from unexpected disasters

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Governor Scott signs new legislation to support captive regulation in Vermont
19 May 2023
US Reporter Frances Jones

Governor Phil Scott (pictured) has signed new legislation, Bill H.76, into law, making several updates to Vermont’s captive insurance law on 8 May

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South Africa’s Prudential Authority fines energy captive
14 April 2023
South Africa Reporter Frances Jones

South Africa’s Prudential Authority has fined energy captive Escap SOC R5 million for breaching section 167(1) of the Financial Sector Regulation Act 9 of 2017

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U.S. Treasury and IRS propose regulations to identify micro-captives as abusive tax transactions
12 April 2023
US Reporter Frances Jones

The U.S. Treasury Department and IRS have issued proposed regulations to identify certain micro-captive transactions as "listed transactions" and "transactions of interest"

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EU sustainability reporting regime adopted
06 December 2022
Europe Reporter Lyndsey Young

The Council of the EU has adopted the proposed European Union Corporate Sustainability Reporting Directive

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