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Tax by Industry: Insurance


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Spurred by a saturated domestic market, insurance companies are seeking new strategies for growth, including exploring global markets, developing new products and distribution channels, and streamlining operations to contain costs. But new strategies bring new rules — on top of the already heavy regulatory scrutiny under which the industry operates.

What do all these performance pressures have in common? Tax implications. On one hand, firms that grow internationally need to manage compliance complexity, including reporting foreign earnings and profit, calculating transfer prices for internal services and reinsurance, and finding appropriate ways to leverage favorable tax jurisdictions. On the other, tax savings opportunities exist if you know where to look, such as tapping global research and development incentives for tax savings associated with investments in new products and technologies.

Staying compliant and competitive means having efficient, effective tax solutions. With a multifaceted team of insurance industry specialists, Deloitte Tax can help.

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