NU Online News Service, Sept. 15, 3:24 p.m. EDT
A large majority of insurance executives in the United Kingdom believe that if the government does not overhaul the tax system there will be a drop in the number of insurers based there, a trade group survey finds.
The Association of British Insurers said a survey of 75 member executives found that 80 percent feel the number of U.K.-domiciled insurance companies will fall if the tax system remains unchanged over the next five years. Fifty-two percent said they believe the number would fall slightly, while 29 percent said the fall would be dramatic.
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