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Captive Reps Plead Tax Case To Treasury

Captive insurance industry representatives fighting an Internal Revenue Service proposal that would add to their tax burden pled their case face-to-face with Treasury Department officials who seemed

By Caroline McDonald | Updated on December 09, 2007

Captive insurance industry representatives fighting an Internal Revenue Service proposal that would add to their tax burden pled their case face-to-face with Treasury Department officials who seemed “genuinely interested” in hearing from them, the buyers group told National Underwriter.

The captive group believes the regulatory change the IRS has proposed would undermine the viability of this alternative risk-transfer option for risk managers.

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