William Berkley, who heads a group of U.S. insurers working to close what they see as a tax loophole for foreign insurers, suggested that critics are launching empty threats to thwart his coalition's efforts.
Separately, a lawyer working as a consultant for an international think tank said that despite the U.S. insurer arguments to the contrary, proposed taxes through new legislation on offshore insurers are discriminatory.
Speaking at a press luncheon in New York, Mr. Berkley, chair of Greenwich, Conn.-based W.R. Berkley Corp., reacted to remarks made by an official from the European Union in a letter to the U.S. Treasury Department late last month. (See related NU Online News Service article, May 24, http://bit.ly/aX5aAn.)
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