The American Bankers Association has written a letter to the Federal Housing Finance Agency requesting them to overturn its decision on banning captive insurance companies from its membership
The Self-Insurance Institute of America advocated for the Pandemic Risk Insurance Act of 2020 (PRIA) to include captive insurance participation in its early stages, according to Ryan Work, vice president of government relations for SIIA
The Arizona Captive Insurance Association has issued a letter to Arizona’s congressional delegation in response to the Internal Revenue Service’s letter sent to micro-captive insurance company owners
OECD has released transfer pricing guidance on financial transactions, developed as part of Actions 4, 8-10 of the BEPS Action Plan
The Hong Kong government has proposed an amendment bill that would extend the scope of insurance businesses eligible for the reduced concessionary tax rate of 8.25 percent
The Guernsey Committee for Economic Development has reviewed incorporated cell company legislation and advised a number of new amendments, according to Walkers
The Internal Revenue Service has decided that it benefits from blurring the lines between good and bad rather than clarifying them, according to Sean King of CIC Services in reaction to the new IRS settlement scheme for micro captives.
