NU Online News Service, Dec. 02, 9:22 a.m. EST
WASHINGTON—Republican legislators from Florida and a trade group for Bermuda insurers are renewing their concerns about the potential high cost of raising taxes on offshore insurers as a means of addressing budget deficit and debt concerns.
In a letter to the leadership of the House Ways and Means Committee, nine members of the Florida congressional delegation asked the tax-writing panel to oppose the establishment of a punitive tax on reinsurance.
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