Insurers' tax rules could be eased

The chancellor is expected to ease tax rules for insurers I the coming budget.

After last week's lobbying by the ABI over its concerns about the regime's adverse effect on the UK's competitiveness, Alistair Darling will change the rules to stop insurers moving their tax base outside the UK, reports the Mail.

It is expected rules will be eased around taxation on controlled foreign companies. CFC rules relate to moving profits into lower taxable regions.

Further reading:

Insurers will quit UK unless tax regime is reformed