Tag: insurance tax

Financial, Risk Management

Global minimum tax proposal may create tax issues for certain insurers: AM Best

November 1, 2021

Via: Reinsurance News

A new global minimum tax on certain multinational companies will create the potential for double taxation on insurance companies, according to a new report from rating agency, AM Best. This is given the accounting differences for global insurance companies in […]

Financial, Risk Management

Global minimum tax may reduce Bermuda’s competitive advantage: Fitch

October 20, 2021

Via: Artemis BM

The net profitability gap between Bermuda and non-Bermuda incorporated companies may narrow over time given the expected passage of the OECD-driven multilateral agreement to establish a 15% global minimum tax rate, according to Fitch Ratings. The rating agency warns that […]