Global Regulatory and Tax Changes to Affect Multinational Companies

Multinational companies are seeking greater understanding of their global risk programs and how to achieve compliance with local regulations as they face enhanced scrutiny from governmental bodies, according to Praveen Sharma, Marsh Insurance Regulatory and Tax Practice Leader.

 

According to March, the global regulatory environment has evolved dramatically in recent years.  Contributing events include the landmark Kvaerner case in the European Union; bilateral and multilateral agreements among regulators and tax authorities; and the expansion of operations coupled with their insurance needs to cover risks such as excess liability, crime, and directors & officers (D&O) more broadly and consistently.

 

March notes that a number of tax authorities have been reviewing global insurance arrangements to identify unpaid premium-related taxes.  Further, many tax regimes have either introduced new rules or increased their premium-related tax rates.

 

MORE ARTICLES ON TAX

Read more on

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern