Tax insurance is having a big year amid global crackdown on evaders: report ...Middle East

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Tax insurance is having a big year amid global crackdown on evaders: report
source : The Hill ( Middle East ) () 20
Companies that offer insurance in case of a major tax bill are having a banner year as governments across the globe implement new rules to go after corporate tax evaders. Underwriters and tax insurance brokers say their business is in the middle of a boom and that new insurers offering tax-related products are entering the market, according to a report by the Financial Times. “In some cases, brokers say, companies have been able to buy insurance to cover more than $1 [billion] of tax payments in the event they lose a dispute with the US Internal Revenue Service,” the Times reported Tuesday. While tax collection initiatives are gaining momentum both in the U.S. and abroad, insurer

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