Hashtag: #NealBill
Florida Democrat Opposes Neal Bill
This past week saw movement on the American tax proposal targeting offshore reinsurance transactions, as lawmakers on the U.S. House Ways and Means Committee debated the issue this past week, but reports say the panel appears a long way away from voting on the measure. Senators have yet to introduce companion legislation and have not held any hearings... Read more of this article
European Union Allies Itself With Bermuda
[Written by Larry Burchall] As reported in “The Hill”, on April 30, 2010, nine CEO’s of major US based Insurance providers wrote to the US Congress to express support for the Neal Bill and to urge Congress to take action to stop what they described as tax avoidance by foreign-owned insurance companies who strip their earnings into overseas tax... Read more of this article
