Close the Foreign Insurance Tax Loophole

H.R. 3424 is designed to prevent foreign-owned insurers avoiding payment of their fair share of U.S. taxes by shifting profits to tax havens overseas. This legislation will actually benefit taxpaying consumers as it is expected to recapture an estimated $17 billion of revenue for the U.S. Treasury. THE COALITION FOR A DOMESTIC INSURANCE INDUSTRY URGES YOU NOT TO BUY INTO THE OPPONENTS' SCARE TACTICS. Third party reinsurance -- which adds needed capacity for catastrophic coverage -- remains unaffected by the proposed legislation.

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• H.R. 3424
• HR3424
• HR 3424
• reinsurance tax
• foreign reinsurers
• insurance
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