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News - Exemptions - IUA publishes FET list.

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| February 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Reinsurance)

The International Underwriting Association (IUA) has published an online list of the London company market (re)insurers which have proved they are exempt from federal excise tax (FET).

Foreign companies that wish to write risks in the US have to pay FET, unless their home country has signed an exemption treaty with the US government.

A new US/UK tax treaty covering this came into effect ...

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