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JLT Towner pursue new accountants following recent growth
JLT Towner Insurance Management has begun the search for two accountants to assist with its portfolio of captives and risk retention groups, due to recent growth.
Marsh: majority of US-owned captives not generating tax benefits
Marsh’s annual captive benchmarking report, released at the 2014 RIMS Conference, finds that only one-third of US captive owners treat their captives as insurance companies for US federal income tax purposes.
Hong Kong captives set to enjoy a 50% reduction in tax
Hong Kong’s Legislative Council has passed an Inland Revenue Amendment that will provide a 50 percent tax concession on the profits of captive insurers.
Cayman licenses three new captive managers
Cayman has welcomed three new captive managers in recent months as it looks to further develop its global position.
Company loans may inhibit captives’ ability to pay
Captives making intercompany loans to their parents need to take into account potential liquidity concerns and the impact this may have upon their ability to pay claims.
Can offshore domiciles deliver benefit to tax authorities?
Captives can help to create a level of clarity around tax that could prove beneficial to tax authorities and corporates alike.
Cayman and Malta sign TIEA
Cayman and Malta have signed a tax information agreement in London as the two build their network of international tax accords.
Winter: with CFC change comes opportunity and complexity
According to Charles Winter, UK controlled foreign companies (CFC) regulatory changes must be examined on a case-by-case basis to determine what the material benefits to captive owners will be.
Sweeping US tax changes unlikely to trouble captives
Recent proposals by senate Democrat for Montana, Max Baucus to impose a one-off 20 percent tax held offshore by US multinationals are unlikely to affect captives or make it further than a gridlocked Capitol Hill.
Bermuda TIEA makes 50 for Guernsey
Guernsey, which just signed its 50th Tax Information Exchange Agreement (TIEA), has been commended for its leadership by the Organisation for Economic Cooperation and Development (OECD).
