US Tax Shake-Up - McDermott Will & Emery

US Tax Shake-Up



Thomas Jones and Kristen Hazel assessed the impact of the new US tax law on insurance captives, noting that the law “reduced the US corporate income tax rate and may result in more businesses migrating to corporate structures. Under current IRS tests for insurance status, more regarded corporate entities within a related group of companies may make it easier to achieve risk distribution, a hallmark of insurance company tax status.”