In February, the Bermudian (re)insurer was granted a full rebate for the $326,340 it was made to pay in foreign reinsurance excise tax, as well as the $109,040 it was subsequently asked to pay in interest.
In February, the Bermudian (re)insurer was granted a full rebate for the $326,340 it was made to pay in foreign reinsurance excise tax, as well as the $109,040 it was subsequently asked to pay in interest.