Validus Case Opens Door For Retrocession Tax Refunds

Law360, New York (February 18, 2014, 6:47 PM EST) -- The reinsurance industry recently racked up a big win over the Internal Revenue Service in a case surrounding the taxation of certain retrocession insurance policies, but the complexity of the case is keeping even some industry insiders in the dark on their new ability to file for a refund.

The taxation of retrocessions — reinsurance premiums paid to insure other reinsurance policies — is a tough subject for even judges to fully understand, and according to experts, the U.S. District Court for the District of Columbia's...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

VALIDUS REINSURANCE, LTD. v. UNITED STATES OF AMERICA


Case Number

1:13-cv-00109

Court

District Of Columbia

Nature of Suit

Taxes

Judge

Amy Berman Jackson

Date Filed

January 24, 2013

Law Firms

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.