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ABIR Applauds US-Bermuda Agreement to Share Tax Information

Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers (ABIR), has praised an intergovernmental agreement signed by US Consul General Robert Settje and...

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New Pass-Through Tax Guidance Now Expected by End of July

U.S. Treasury Department rules outlining which businesses structured as S corporations, partnerships and limited liability companies can claim a 20 percent tax deduction are likely to be delayed until...

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IRS Urges Participants in ‘Abusive’ Micro-Captives to Get Out Now

Internal Revenue Service officials are again urging participants in “abusive” micro-captive insurance arrangements to exit these transactions as soon as possible. The IRS considers that many...

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Supreme Court Won’t Hear Delaware’s Captive Insurance Documents Battle With IRS

The state of Delaware has lost its fight with the Internal Revenue Service (IRS) over the release of information on captive insurers, a fight the state took all the way to the Supreme Court. The...

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