IRS enforces tax on non-US (re)insurance purchases
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IRS enforces tax on non-US (re)insurance purchases

10 March 2008
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Federal excise taxes (FET) imposed on insurance and reinsurance purchased from foreign insurers and reinsurers will be applied each time the risk is ceded, US tax authority the Internal Revenue Service (IRS) ruled last week.

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News March 2008/3
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