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Results: 1-10 of 18

Change to a company's calculation method of policyholders' tax now permitted
  • Locke Lord LLP
  • United Kingdom
  • December 15 2010

The Insurance Companies (Calculation of Profits: Policy Holders' Tax) (Amendment) Regulations 2010 (the Amendment Regulations) will come into force on 31 December 2010


EU plans for VAT exemption reforms are set to continue
  • Locke Lord LLP
  • European Union
  • December 3 2010

Following a meeting of the Council of the European Union on 17 November 2010, plans to reform the VAT exemption for insurance and the wider financial services industry are set to continue, with Member States agreeing to find a resolution to the current problems


Prudential test case relating to UK dividend taxation adjourned
  • Locke Lord LLP
  • United Kingdom
  • November 24 2010

Prudential Assurance Co Ltd & Ors v Revenue & Customs Commissioners 2010 EWHC 2811 (Ch) concerned the UK's former rules on the taxation of dividends received by insurance companies resident in the UK on shareholdings in foreign companies which were held as investments in their pension and life assurance business


ECJ finds against AXA in VAT dispute
  • Locke Lord LLP
  • European Union
  • November 12 2010

In the recent case of AXA UK (Taxation) 2010 EUECJ C-17509, the European Court of Justice (ECJ) was asked by the UK Court of Appeal whether the service of passing payments from patients to dentists was exempted from VAT


Recent surge in the lLIHTC equity market
  • Locke Lord LLP
  • USA
  • November 1 2010

The low-income housing tax credit ("LIHTC") market has seen a surge in investments by insurance companies over the last year


California appeals court affirms ruling that Section 28 tax does not apply to surplus lines insurers
  • Locke Lord LLP
  • USA
  • October 7 2010

On September 30, 2010, the California Court of Appeal for the Second Appellate District affirmed a superior court ruling that California Constitution Section 28 taxes do not apply to surplus lines insurers


German government opposes US legislation limiting deductibility of reinsurance premiums
  • Locke Lord LLP
  • USA, Germany
  • July 28 2010

Proposed legislation that would limit a tax deduction for reinsurance premiums paid to a foreign affiliate of a US insurer has drawn the formal opposition of the German government


Emergency Budget heralds insurance premium tax rise
  • Locke Lord LLP
  • United Kingdom
  • June 24 2010

On 22 July 2010 the Chancellor of the Exchequer, George Osborne, presented his emergency Budget


Rhode Island 2011 budget - tax implications for surplus lines insurers and medical malpractice joint underwriters association
  • Locke Lord LLP
  • USA
  • June 16 2010

The 2011 Rhode Island state budget, which was enacted as HB 7397A and signed into law June 2, 2010, amends the taxation statutes applicable to surplus lines insurers and the Medical Malpractice Joint Underwriters Association


Court of Appeal rules on VAT exemption for insurance intermediaries
  • Locke Lord LLP
  • United Kingdom
  • May 28 2010

The Court of Appeal handed down its judgment in Commissioners for Her Majesty's Revenue and Customs v Insurancewide