Descriptive Notes And Contents List
The
offshore insurance sector has been around for
such a long time that it is difficult now to
imagine a world without 'captives'. Like the
offshore 'products' offered to individuals such
as the trust or the International Business Company,
captives were a corporate response to the growing
weight of taxation in the 1960s and '70s. Insurance
companies, whether offshore or onshore, have
always been tax deferral machines through their
ability to reserve against future claims, but
it took a brilliant leap of imagination for
someone to see that the offshore self-insurance
subsidiary of a normal corporation could deliver
tax benefits to the parent while building up
capital in a low-tax area.
This
report studies the 20 main offshore jurisdictions
which offer captive insurance regimes.
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