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US Excise Tax & the UK Insurer

Kevin Curran, Assurance Senior Executive at Ernst & Young LLP, explains how the Federal Excise Tax works in the States and how it affects the London Insurance market

 
Kevin Curran Assurance Senior Executive at Ernst & Young LLP explains how the Federal Excise Tax works in the States and how it affects the London Insurance market
 
The United States imposes an excise tax (FET) on premiums paid to a foreign insurer or reinsurer for policies of insurance and reinsurance of risks wholly or partly within the US that are issued by to or for a domestic corporation partnership or US-resident individual. It is also imposed on policies of insurance and reinsurance of risks within the US that are issued by to or for any foreign person engaged in...

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