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Results: 1-10 of 534

The European Commission proposals to modernise the current legislation for financial services and insurance

  • Edwards Wildman Palmer LLP
  • -
  • European Union
  • -
  • December 26 2007

The EC has adopted proposals for a directive and a regulation aimed at modernising and simplifying the VAT rules for financial and insurance services

IRS issues ruling and proposed guidance regarding protected cell companies

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • January 24 2008

On February 4, 2008, the Internal Revenue Service will publish Revenue Ruling 2008-8 and Notice 2008-19, addressing tax issues arising in the context of insurance provided by “protected cell companies” i.e., generally, companies that consist of an array of separate cells, each of which is economically and legally insulated from the others

Slow cooked tax rules finally ready

  • Faegre Baker Daniels
  • -
  • USA
  • -
  • January 25 2008

After 6 years of careful review, the Treasury Department and Internal Revenue Service have issued final regulations governing taxable acquisitions and dispositions of insurance businesses

Employer shared responsibility proposed regulations

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • January 9 2013

Although employers are not required to provide health care benefits for their employees, beginning in 2014, under the Patient Protection and Affordable

Federal Court of Appeal upholds Tax Court of Canada's decision on life insurer's tax reserves

  • Stikeman Elliott LLP
  • -
  • Canada
  • -
  • February 1 2008

On January 15, 2008, the Federal Court of Appeal upheld a decision by Justice Hershfield of the Tax Court of Canada, finding for the respondent, the National Life Assurance Company of Canada (National Life), in respect of policy reserves taken for its 1997 and 1998 taxation years

IRS issues guidance relating to tax consequences of life insurance transactions

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • May 12 2009

On May 1, 2009, the Internal Revenue Service ("IRS") issued Revenue Rulings 2009-13 and 2009-14 with respect to the federal income tax treatment of certain life insurance transactions, including life settlements

Liberalization of variable insurance product diversification requirements proposed

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • July 31 2007

The Internal Revenue Service (“IRS”) and Treasury published in today’s Federal Register a proposal to amend the regulations under section 817(h) of the Internal Revenue Code (“Code”), which imposes “adequate diversification” requirements on insurance company “segregated asset accounts” (i.e., separate accounts and subaccounts) supporting variable life insurance and annuity contracts (“variable contracts”

HMRC consults on FSCS payment guidance

  • Dentons
  • -
  • United Kingdom
  • -
  • May 15 2009

HMRC is consulting on guidance to go with new laws to clarify tax treatment of interest payments included in FSCS payments

President's health insurance proposal receives chilly Democratic response

  • Faegre Baker Daniels
  • -
  • USA
  • -
  • February 2 2007

In his Jan. 23 State of the Union Address, President Bush outlined a new initiative to treat health insurance similar to the home mortgage interest deduction

Obama Administration's Fiscal Year 2010 Revenue Proposals target insurance industry

  • Jorden Burt LLP
  • -
  • USA
  • -
  • May 13 2009

President Obama's Fiscal Year 2010 Revenue Proposals increase the taxes on insurance companies and products by $4.9 billion for the five-year period 2010-2014 and $12.729 billion for the ten-year period 2010-1019