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captive insurance News




OECD Issues Latest Tax Transparency Ratings

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, April 29, 2014

The Organisation for Economic Co-operation and Development's Global Forum on Transparency and Exchange of Information for Tax Purposes has issued 12 new reports that highlight action being taken by jurisdictions to implement its international standard for the exchange of information on request. Read Full Story

 


Hong Kong's Captive Insurers Tax Break Approved

by Mary Swire, Tax-News.com, Hong Kong

Thursday, March 20, 2014

Hong Kong's Legislative Council has passed a Bill to amend the Inland Revenue Ordinance to give captive insurance companies, for their offshore risks insurance business, a profits tax concession of 50 percent – equivalent to that given to reinsurance companies. Read Full Story

 


Hong Kong Introduces Bill To Lower Tax For Captive Insurers

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, December 31, 2013

The Hong Kong Government has gazetted the Inland Revenue (Amendment) (No. 3) Bill 2013, aiming to cut down by half the profits tax on captive insurers, and to raise the deduction ceiling for retirement scheme contributions by employees or self-employed persons. Read Full Story

 


Hong Kong Insurance Premiums Show Sharp Increase

by Mary Swire, LawAndTax-News.com, Hong Kong

Monday, September 2, 2013

The Office of the Commissioner of Insurance has released provisional statistics for the Hong Kong insurance industry for the first half of 2013, which show that its total gross premiums amounted to HKD143.7bn, representing an increase of 14.5 percent over the corresponding period last year. Read Full Story

 


US Congress Hears About BEPS

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 18, 2013

The House of Representatives Ways and Means Committee has held a hearing to examine whether base erosion and profit-shifting has arisen out of the tax planning strategies used by multinational enterprises, resulting in an erosion of the United States tax base, and a shift of income out of the country and into low-tax jurisdictions. Read Full Story

 


Guernsey Hosts UK Clean Tech Firms To Discuss Synergies

by Amanda Banks, Tax-News.com, London

Thursday, April 4, 2013

Members of the UK's South West Marine Energy Park have visited Guernsey to learn more about the financial services expertise the island can offer the cleantech sector. Read Full Story

 


Captives Warned Of UK, Guernsey Regime Changes

by Jason Gorringe, Tax-News.com, London

Friday, March 22, 2013

Captive insurance managers were informed of new regulatory developments in Guernsey and the United Kingdom at Carey Olsen's latest client seminar in London. Read Full Story

 


Hong Kong Budget Provides Less In Handouts

by Mary Swire, Tax-News.com, Hong Kong

Friday, March 1, 2013

Despite the continued slow growth in Hong Kong’s economy, Financial Secretary John Tsang produced measures to help those on lower incomes, middle-class taxpayers and small- and medium-sized enterprises, amounting to only HKD33bn in his 2013/14 Budget, compared to HKD80bn last year. Read Full Story

 


Delaware Captive Industry Rising To Prominence

by Leroy Baker, Tax-News.com, New York

Thursday, January 31, 2013

Delaware hopes to be recognized as the United States's third largest US captive domicile after figures for 2012 showed that the state's fledgling captive insurance sector achieved record growth during the course of last year. Read Full Story

 


Guernsey Reports Growth In Insurance Sector

by Jason Gorringe, Tax-News.com, London

Wednesday, January 30, 2013

The number of licensed international insurers in Guernsey rose significantly during 2012, according to new figures from the island's Financial Services Commission. Read Full Story

 

 

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