- How does BEAT change the taxation rules for non-domestic insurers and reinsurers?
- How are modified taxable income and base erosion minimum amount generally defined in this provision?
- What is a “foreign person” under the Act, and how are the “foreign person’s” relationships with the taxpayer defined?
- What is an “applicable taxpayer” under this provision?
- Is there any uncertainty or ambiguity as to whether the BEAT provision affects reinsurance premiums?
- What is the reasoning behind BEAT?
- What are the main concerns with BEAT as it applies to the insurance industry?
As the preeminent organization dedicated to promoting the profession of risk management, RIMS, the risk management society®, is a global not-for-profit organization representing more than 3,500 industrial, service, nonprofit, charitable and government entities throughout the world. Founded in 1950, RIMS is committed to advancing risk management capabilities for organizational success, bringing networking, professional development and education opportunities to its membership of more than 10,000 risk management professionals who are located in more than 60 countries. For more information on RIMS, visit www.RIMS.org.