Close the Foreign Insurance Tax Loophole

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Uploaded by on Jul 16, 2010

William R. Berkley -- Chairman and CEO of W. R. Berkley Corporation testimony, House Ways and Means Select Revenue Measures Subcommittee Hearing on Reinsurance 7/14/10
Excerpts from concluding testimony: "This issue has to do with an unfair tax advantage that foreign based companies have where they can reinsure their affiliates and maximize their ability to pay the least possible taxes." "If we do not act, we will find ourselves without a domestic insurance industry."

For additional information, please visit: http://www.coalitionfordomesticinsurance.com/

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