FBA Section on Taxation:
28th Annual Insurance Tax Seminar
On June 2-3, 2016, the Federal Bar Association Section of Taxation held the 28th Annual Insurance Tax Seminar. The Seminar is held in conjunction with the IRS Office of Chief Counsel. We had record-setting attendance this year and an overall great Seminar headlined by an outstanding keynote speaker, Mark Mazur, Assistant Secretary of Treasury for Tax Policy. The Insurance Tax Seminar presents a unique opportunity for meaningful dialogue between government personnel and private sector specialists on a variety of federal income tax issues affecting insurance companies and their policyholders. The panels include the IRS and Treasury experts on the relevant topic. This year’s Seminar included discussions on life, health and property casualty industry tax issues, updates on guidance from the Insurance Branch of the Office of Chief Counsel, a plenary session on the impact of NAIC (National Association of Insurance Commissioners) regulatory guidance on federal income tax issues, a panel on the Administrative Procedure Act and deference to the IRS and a variety of timely topics impacting multinational insurance companies such as the BEPS (Base Erosion and Profit Shifting) project, transfer pricing, the new proposed inversion and debt/equity regulations and the new U.S. Model Tax Treaty, in addition to other topics. Next year’s Seminar is scheduled for June 1-2, 2016 at the J.W. Marriott in Washington, DC.