The Resource Treatment of non-resident captive insurance arrangements

Treatment of non-resident captive insurance arrangements

Label
Treatment of non-resident captive insurance arrangements
Title
Treatment of non-resident captive insurance arrangements
Creator
Subject
Language
eng
Summary
This article considers the recently issued Australian Taxation Office (ATO) practice statement PS LA 2007/8, which deals with the treatment of non-resident captive insurance arrangements and demonstrates the Commissioner's position in assessing captive insurance arrangements. Both the Practice Statement and the Federal Court of Australia's decision in WE & HO Wills (Australia) Pty Ltd v. FCT highlight the need for arrangers of non-resident captive insurance to have a clear understanding of income tax laws, particularly in the areas of tax avoidance and the deductibility of insurance premiums
Citation source
In: Derivatives and financial instruments. - Amsterdam. - Vol. 9 (2007),
http://library.link/vocab/creatorName
Ciro, T
Language note
English
http://library.link/vocab/subjectName
  • case law
  • captive insurance company
  • deductions
  • tax avoidance
  • residence
Label
Treatment of non-resident captive insurance arrangements
Instantiates
Publication
Label
Treatment of non-resident captive insurance arrangements
Publication

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      52.37366609999999 4.9336932
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