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Stories that are tagged 'insurance'

IRS Warns On Micro-Captive Insurance Tax Shelters

by Scott Hamilton,, Washington

Wednesday, February 15, 2017

For the third consecutive year, the US Internal Revenue Service has placed abusive micro-captive insurance tax shelters on its list of top tax scams to watch out for in the 2017 filing season. Read Full Story


Freelancers Challenges IFS Report On Self Employment Taxes

by Jason Gorringe,, London

Tuesday, February 14, 2017

The Freelancer and Contractor Services Association has challenged a report that sought to provide evidence of the need to equalize National Insurance (social security) contributions for employed and self-employed persons in the UK. Read Full Story


Firms Urge UK To Review Business Rates, R And D Tax Breaks

by Jason Gorringe,, London

Tuesday, February 7, 2017

The UK should reform the business rates (commercial property tax) system and research and development tax credit schemes in its upcoming Budget, says the Confederation of British Industry. Read Full Story


Raise Taxes For UK's Self-Employed, IFS Recommends

by Jason Gorringe,, London

Friday, February 3, 2017

The UK Government should raise taxes on self-employed persons, according to a study from the Institute of Fiscal Studies, which says employees pay GBP1,240 (USD1,550) more in tax a year on average on the same income. Read Full Story


Study Shows Impact Of US Foreign Reinsurance Bill

by Scott Hamilton,, Washington

Thursday, January 26, 2017

Brattle Group has updated its economic impact study of legislation introduced into the US Congress to close the so-called "tax loophole" said to provide foreign-owned insurers with an opportunity to obtain a significant advantage over their American competitors. Read Full Story


Tax Breaks In Hong Kong's Voluntary Health Insurance

by Mary Swire,, Hong Kong

Thursday, January 12, 2017

The Hong Kong Government has released a report on its consultations regarding a proposed Voluntary Health Insurance Scheme, summarizing the consultation outcomes and proposing tax breaks. Read Full Story


US Taxpayer Advocate Calls For Simpler Tax Code

by Mike Godfrey,, Washington

Wednesday, January 11, 2017

The United States National Taxpayer Advocate Nina E Olson, has once again emphasized the need for simplification of the US tax code in her annual report to Congress. Read Full Story


US Chamber Urges Health Insurance Tax Repeal

by Mike Godfrey,, Washington

Thursday, January 5, 2017

With talk beginning in the new Congress of a repeal of President Barack Obama's Affordable Care Act, the US Chamber of Commerce has urged the immediate elimination of the health insurance tax as an immediate necessity. Read Full Story


South Korea Plans Tax Changes To Boost Growth

by Mary Swire,, Hong Kong

Monday, January 2, 2017

Within its proposed policy framework for 2017, the South Korean Ministry of Strategy and Finance has announced various tax changes to counteract the continued economic uncertainties, including measures to create jobs and support new growth industries. Read Full Story


Slower Economic Growth To Dent UK Finances

by Jason Gorringe,, London

Monday, January 2, 2017

According to statistics from the UK's Office for National Statistics, an expected slowdown in economic growth could lead to fiscal challenges for the UK. Read Full Story




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