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Originally Posted by 'BusNative
IIRC, there are a number of other regulatory issues that make places like Bermuda a more preferable insurance company domicile than the U.S.
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like a corp tax rate well into the single digits overall... vs 36% (current) or 39% under the obama plan
Bermuda Domestic Corporate Taxation
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In Bermuda there are no taxes on profits, dividends or income; there is no capital gains tax, no withholding tax and no sales tax. The main tax impinging on companies is payroll tax. See Types of Company for details of annual fees payable depending on status.
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