In the verdict, the jury cleared RMC Group, owned by Raymond Ankner, from penalties under Internal Revenue Code Section 6700, which governs the promotion of abusive tax shelters.
The H.659 bill seeks to make various amendments to Vermont law relating to captive insurance
The proposed tax would apply to businesses that are part of multinational enterprise groups (MNEs) with annual revenue of €750 million (£648.1 million) or more
Connecticut representative Joe Courtney has introduced the Casualty Loss Deduction Restoration Act to provide citizens with financial relief following losses from unexpected disasters
Governor Phil Scott (pictured) has signed new legislation, Bill H.76, into law, making several updates to Vermont’s captive insurance law on 8 May
South Africa’s Prudential Authority has fined energy captive Escap SOC R5 million for breaching section 167(1) of the Financial Sector Regulation Act 9 of 2017
The U.S. Treasury Department and IRS have issued proposed regulations to identify certain micro-captive transactions as "listed transactions" and "transactions of interest"
