To
receive our free monthly network newsletter enter your
email address below:
ADVERTISE!
Our sites have more than 200,000 highly targeted visitors
every month. With cost-effective marketing solutions to suit
any budget, we feel confident that we can deliver the results
you need.
>
Information provided on this site is for general guidance only and
is often simplified. Actual IRS procedures are complex, and taxpayers
should obtain professional assistance or use IRS sources for complete
information.
Captive Insurance Booms In Missouri,
by Mike Godfrey, Tax-News.com, Washington
Friday, March 05, 2010
The captive insurance market in Missouri has seen explosive growth in the past
year, with annual premium for these companies reaching just over USD1bn for
2009, up from USD123m in 2008.
The state's Department of Insurance has accredited the growth in 2009 to a new state law making the captive
formation process easier.
Governor Jay Nixon signed HB577 in July of 2009, simplifying the process of
moving offshore captive operations to Missouri. The omnibus insurance bill also makes it easier for companies to bring their captive operations to Missouri
by removing certain financial and investment restrictions and expanding organizational
options for captives. The law also makes it more attractive for companies based
outside Missouri to set up captive operations in the state.
"The new state law has worked as designed: to encourage more captive
formations in Missouri," said John Huff, Director of the Department of
Insurance, Financial Institutions and Professional Registration. "The
significant rise in premiums shows that we have a well established captive program
in Missouri.”
Protect
Yourself and Your Assets against Devaluation of the Dollar, Currency
Controls, tax hikes and nationalization!
Discover legal ways to protect what is rightfully yours.
Truth revealed about Secure Multi-currency Banking, Family Foundations,
offshore gold/silver storage, Second Passports and more. Get your
"plan B" in place. Don't suffer from the crisis - profit from
it!
One of the web's
largest and most authoritative business and investment information
sources. Alongside topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
Our 16 constantly
updated intelligence reports cover every important aspect
of 'offshore' and international tax-planning in depth, including
banking secrecy, the EU's savings tax directive, offshore
funds, e-commerce, offshore gaming and transfer pricing. Reports
are available for immediate downloading or as subscription
services with news pages.
Lowtax Network Sites
Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail.
Tax News: Global
tax news, continuously updated through the day.
Law & Tax
News: Daily news and background data on tax and legal developments
for international business.
Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation.
Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources.
US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax.
Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers.
Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures.
IMPORTANT NOTICE:
THE LOWTAX NETWORK has taken reasonable care in sourcing and presenting
the information contained on this site, but accepts no responsibility
for any financial or other loss or damage that may result from its use.
In particular, users of the site are advised to take appropriate professional
advice before committing themselves to involvement in offshore jurisdictions,
offshore trusts or offshore investments. All materials on this site copyright
The Lowtax Network 1999 - 2012.
All content on this
site has been provided by BSIRN.
USA-TAX-NEWS.COM 
