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Posts Tagged ‘efforts

WASHINGTON?Insurance industry representatives said President Obama?s new effort to tax insurers who cede premiums to overseas affiliates is far tougher than previous proposals aimed at low-tax offshore havens.

The Obama administration?s concept contained in the budget it released yesterday unleashed withering criticism from a spokesman for Bermuda insurers as well as officials of the Risk and Insurance Management Society Inc., which Read the rest of this entry »