Swiss Re says US tax plan might hurt all foreign insurers, not just Bermuda
(BESTWIRE) - Its supporters have framed it and the Obama administration has endorsed it as a measure that would close a loophole allowing insurers and reinsurers in tax havens to compete with an unfair advantage over domestic companies.
But according to the world's largest reinsurer, a legislative proposal to begin taxing related party reinsurance cessions would have just as great an impact on foreign-controlled reinsurers inOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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