Obama Budget Would End Offshore Insurers' Tax Edge

President Obama has proposed a budget for 2011 that reopens the volatile issue of taxing offshore insurers, especially those based in Bermuda.

By Arthur D. Postal | February 01, 2010 at 07:00 PM

NU Online News Service

WASHINGTON–President Obama has proposed a budget for 2011 that reopens the volatile issue of taxing offshore insurers, especially those based in Bermuda.

The tax provision would apply to all insurers who cede premiums to overseas affiliates.

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