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IRS may change treatment of foreign insurers' stock earnings.(Brief Article)
- Article from:
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National Underwriter Life & Health-Financial ServicesEdition
- Article date:
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July 19, 2004
- Author:
- Bell, Allison
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Copyright informationCOPYRIGHT 2004 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE INTERNAL REVENUE SERVICE has proposed a regulation that could cut foreign insurers' U.S. income taxes.
The proposed regulation would let foreign insurers that do business in the United States treat much of the income that their stock holdings generate as trade-related income.
If a foreign insurer owned less than 10% of the stock of a U.S. company, it could treat earnings on that stock as trade-related income.
If a foreign insurer owned at least 10% of the stock of a U.S. company, it would have to continue to treat earnings on that stock as general "fixed or determinable, annual or periodical income."
Today, foreign insurers with U.S. operations usually have ...
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Bill C-37 Update: OSFI DEFINES 'INSURING IN CANADA A RISK'
Canadian Underwriter;
November 1, 2007 ;
Reeve, J Brian;
787 words
......amendments will affect all foreign insurers and reinsurers carrying...the same manner to both foreign insurers and reinsurers. The amendments...a Canadian branch of a foreign insurer, foreign policyholders...the basic test of when a foreign insurer is required to ...
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Recession is keeping foreign insurers at home. (International Life &...
National Underwriter Life & Health-Financial Services Edition;
May 10, 1993 ;
Connolly, Jim;
677 words
...Foreign insurers may not be singing...He explained that foreign insurers' problem real estate...Nordberg, Washington. If foreign insurers are to expand or even...Statistics indicate many foreign insurers already see these benefits...interest allowing a foreign ...
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U.S. mulls new tax on some foreign insurers.(International)(Brief Article)
Business Insurance;
June 28, 2004 ;
Mcleod, Douglas;
284 words
......investment gains on stock held by foreign insurance companies doing...asset use'' test applies to foreign insurers. In a notice of proposed...assets held for use in a foreign insurer's U.S. business. Under the...proposed rule, the IRS would bar foreign insurers from excluding ...
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New ground rules for foreign insurers in China
Xinhua News Agency;
August 3, 2006 ;
214 words
...New ground rules for foreign insurers in China BEIJING,Aug. 3 (Xinhua) -- Foreign insurers must have been operating for no less than 20 years...Regulations on the China Representative Office for Foreign Insurance Organizations. The regulations, which took effect on August 1, state that a ...
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FOREIGN INSURERS PROMOTE BRANCHES TO SUBSIDIARIES IN CHINA
AsiaInfo Services;
October 20, 2004 ;
307 words
...AsiaInfo Services 10-20-2004 Foreign Insurers Promote Branches to Subsidiaries...SinoCast via COMTEX) -- Quite a few foreign insurers that have set up branches in...like. Standing behind these foreign insurers' enthusiasms are the huge cost...exclusively-owned subsidiary of a ...
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The IRS issues advice on cascading excise tax. (Internal Revenue...
Risk Management;
September 1, 1996 ;
Wright, P. Bruce Lynch, Arthur J.;
787 words
......premiums paid by one foreign insurer to another with...S. risks with foreign insurers by U.S. insureds...reinsurance issued by a foreign insurer with respect...now favoring foreign insurers. (Emphasis added...insurance and foreign corporations...domestic and ...
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New regulations for foreign insurers in China
The Hindustan Times;
August 4, 2006 ;
190 words
...Beijing, Aug 4 (Xinhua) Foreign insurers must have been operating for no less than 20 years in...regulations, which took effect Aug 1, specify that a foreign insurer applying to set up a representative office in China...three years, the rules stipulate. The regulations say foreign ...
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Treaty-based excise tax exemptions.
The Tax Adviser;
March 1, 2004 ;
Cruz, Joseph A. Safranek, Richard J.;
676 words
......premiums paid to foreign insurers or reinsurers...which required a foreign insurer or reinsurer...agreement for foreign insurers or reinsurers...reinsurance issued by a foreign insurer or reinsurer...policies issued by a foreign insurer or ...
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FOREIGN INSURERS EYES CHINESE CARGO TRANSPORTATION INSURANCE
AsiaInfo Services;
January 11, 2008 ;
215 words
...AsiaInfo Services 01-11-2008 Foreign Insurers Eyes Chinese Cargo Transportation...2008 (SinoCast via COMTEX) -- Foreign insurers are stepping up efforts to seize...booming import and export and foreign insurers' online insurance coverage systems, said an executive at a foreign ...
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Rev. Rul. 2008-15
United States. Internal Revenue Bulletin;
March 24, 2008 ;
Anonymous;
787 words
......of such payments where the foreign insurer is eligible for a waiver of...reinsurance premiums paid by one foreign insurer or reinsurer to another. 2...apply to the extent that a foreign insurer or reinsurer that would otherwise...reinsurer). FACTS Situation 1 Foreign ...
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Foreign insurers invited into private arena, THE VIETNAM INVESTMENT REVIEW
The Vietnam Investment Review;
August 13, 2001 ;
Ngoc Mai;
459 words
......implementation of the Law on Insurance, allow foreign insurers to expand their customer base into...foreign and domestic companies, although foreign insurers pointed out that there was still some...government is especially encouraging foreign insurers to supply insurance products to ...
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FOREIGN INSURERS FLOCK INTO SHANDONG
AsiaInfo Services;
October 17, 2006 ;
202 words
...AsiaInfo Services 10-17-2006 Foreign Insurers Flock into Shandong JINAN, Oct 17...cites in China. Since May 2006, four foreign insurers, including Aviva-Cofco Life Insurance...insurance market is what lures the foreign insurers most. Shandong is leading region in...
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FOREIGN INSURERS DO NOT HURRY TO RUSSIA
A&G Information Services;
April 1, 2003 ;
111 words
...00-00-0000 FOREIGN INSURERS DO NOT HURRY TO RUSSIA ST.PETERSBURG...A&G News via COMTEX) -- Foreign insurers will not be active in theRussian...Moreover, Mr. Tailorconsiders that foreign insurers will not riskstarting business...
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FOREIGN INSURERS TO FLOOD CHINA AFTER WTO ENTRY
AsiaInfo Services;
October 22, 2001 ;
381 words
...AsiaInfo Services 10-22-2001 Foreign Insurers to Flood China after WTO Entry BEIJING...the market be wholly open up to the foreign insurers. The overseas insurance companies...the first 20 to be open up to the foreign insurers. Beijing, capital of China, however...
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