Christopher Flanagan

Christopher Flanagan

Locke Lord LLP

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Validus Round Two: Court of Appeals’ Decision Holding That Wholly-Foreign Retrocessions Are Not Subject to Federal Excise Tax...

On May 26, 2015, the United States Court of Appeals for the District of Columbia upheld a District Court decision and ruled that the Internal Revenue Service could not impose excise tax on certain wholly-foreign retrocessions...more

9/10/2015  /  Appeals , Excise Tax , Foreign Insurance Companies , Insurance Industry , Internal Revenue Code (IRC) , IRS , Reinsurance , Retrocession Contracts
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