Insurers' tax rules could be eased
Lobbying by the insurance industry could have paid off, with the government expected to ease tax rules at the next Budget
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