Praveen Sharma Global leader of the insurance regulatory and tax consulting practice Marsh


The icing on the cake, not the cake itself


Praveen Sharma examines tax considerations for captives and explains why any potential saving should be regarded as an additional benefi t to the parent and not an end in itself.


Introduction


Over the next few years, captive insurance companies and their respective owners are going to be confronted by a host of challenges, from both a regulatory and a tax perspective. Issues relating to Solvency II Pillars I and II are presently occupying the minds of many risk managers and their respective advisers. However, risk managers should also keep a close eye on those tax changes that have been introduced, or are in the process of being implemented in the near future, which could impact the net benefi ts of owning a captive.


emea captive 2011 13


©iStockphoto.com / redmonkey8


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44