Clinton criticises Bermuda "reinsurance loophole"

US secretary of state Hillary Clinton

Democratic presidential hopeful Hillary Clinton has criticised tax law loopholes which allow wealth managers to set-up reinsurance companies in Bermuda to reduce tax bills.

On the campaign trail leading up to the Iowa caucus on 1 February Clinton, pictured, cited a rule which allows hedge fund managers to set-up reinsurers in the likes of Bermuda and the Cayman Islands

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