The U.S. Treasury Department and IRS have issued proposed regulations to identify certain micro-captive transactions as "listed transactions" and "transactions of interest"
The Council of the EU has adopted the proposed European Union Corporate Sustainability Reporting Directive
The Internal Revenue Service has filed a petition with the US District Court for the Middle District of Florida, Tampa Division to enforce summonses to investigate tax liability in a captive insurance transaction
The State of Connecticut Insurance Department has made several amendments to its existing captive insurance legislation, all of which will come into effect on 1 July
Governor Ray Cooper has signed Senate Bill 347 into law in North Carolina, amending existing captive insurance legislation to incentivise redomestication to the state
The Internal Revenue Service has named foreign captive insurance to its annual ‘Dirty Dozen’ list of potentially abusive tax arrangements
Governor Phil Scott has signed House Bill 515 into law to update Vermont’s captive insurance statutes and eliminate inconsistencies
