US Tax Reform has now passed the Senate. Next steps are to reconcile the House and Senate bills, and then issue the final rules. David Kirkup, CFO and COO at Captive Alternatives, explores what this will mean, if anything, for captive insurance companies in the next year.
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The tax advantages of international captives may decrease as a result of The Tax Cuts and Jobs Act, which may in turn lead to decreased usage, according to George Hansen, senior industry research analyst at AM Best.