The Protecting Americans from Tax Hikes (PATH) Act of 2015 passed both the House and Senate and has been signed into law. The new legislation affecting eligibility for 831(b) election for captives is effective for... read more
Category: Industry News
Small modifications made to 831(b) legislation, sent to House for vote
The tax extender package including changes to the 831(b) tax election utilized by small captives will be put to the House of Representatives tomorrow. These changes help to clarify congressional intent providing ongoing support for... read more...
Clear Guidance Needed for 831(b) Service Providers
Captive Review recently conducted a phone interview with Oxford’s principal, Mike DiMayo. Mr. DiMayo has called on the US authorities to publish a greater guidance on the management of captives making the 831(b) tax election.... read more...
Ohio Licenses its First Captive
Imprise Financial PCC has been licensed in Ohio, making it the first captive established in the state since it passed enabling legislation in June 2014. The protected cell company (PCC) has been set up to... read more...
Amendments to Delaware Captive Law
On June 24, 2015, Governor Jack Markell signed House Bill 15 (“HB 15”), which added to and clarified Delaware’s captive insurance statute. HB 15 makes numerous amendments to the captive insurance statute, mostly with respect... read more
Passing of Oxford’s Dear Friend, Richard (Dick) Goff
It is with our heavy hearts, Oxford announces the passing of our dear friend, Richard C. (Dick) Goff. Dick was the Managing Director of The Taft Companies, part of Oxford’s Best-in-Class Service Providers, who maintains... read more...
First Cayman PIC Formed
Following Cayman legislation being brought into force in 2015 to allow Cayman SPC insurers to form Portfolio Insurance Companies (PICs – the Cayman model for incorporated cell companies) the first Cayman PIC has been incorporated. ... read more
IRS Releases Annual List of Tax Avoidance Schemes
Each year the IRS releases a list of tax avoidance schemes it intends to focus on for the upcoming year, and improper captive insurance company arrangements have made the list again for 2015. The key... read more