The State Tax Implications of Captive Insurance Companies: An Article from State Tax Notes
More organizations are using captives to self-insure against risks that are difficult to find policies for or that are cost prohibitive in the traditional insurance market. As the demand for captives grows, more states are creating domiciles to generate increased revenue from taxes, business travel to the state and more.
Cara Griffith, legal editor of State Tax Notes, also touches on some of the federal tax implications and Alan Fine, Member, Insurance Advisory Services, provides federal tax insights on captives.
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