GAO report on abusive tax schemes perpetuates misunderstandings of captives
A GAO report was intended to shed some light the use of captives as abusive tax shelters. Instead it only risks perpetuating misunderstandings, says Bradley’s Davis Smith.
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- Preparing captive owners for new accounting legislation 13-07-2020
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- COVID-19: the captive insurance fight-back begins 28-04-2020
- Time to exit your 831(b) captive? 27-03-2020
Latest accounting & tax news
Minnesota set to apply procurement tax to captives
04-09-2020
The Minnesota Department of Revenue (MDR) has proposed changes to Form IG255 that will mean individuals or businesses buying insurance directly from captives or other non-admitted insurers must report their non-admitted direct procured insurance premium tax.
