Tax Update: Business Travelers, PFIC, Insurance

Tax Update: Business Travelers, PFIC, Insurance

Learning Objectives:

Participants will be better equipped to understand and be prepared for changes in the ever-shifting global and U.S. tax environment. Speakers will cover the most relevant and hottest topics of importance to professionals serving the Cayman Financial Services Sector. 

Description/Overview:

Topics will include:

1. Current U.S. proposed regulation and legislation surrounding definition changes and bright line tests in the Passive Foreign Investment Company rules and exceptions, particulary surrounding insurance companies domiciled in foreign jurisdictions including the Cayman Islands
2. Evolution of U.S. Case Law impacting considerations for Risk Shifting and Risk Distribution, which includes the discussion of recent court rulings such as IRS v. Securitas and Rent-A-Center
3. Short Term Business Traveler tax considerations of traveling in the U.S., Canada, U.K., or abroad, and the increase in enforcement of taxing authorities on foreign workers for conferences, board meetings and other short term work
   

Speakers:

• Paul Phillips, EY - Captives Insurances Services Leader, U.S. Central & Southwest Tax Markets Leader
• Karey Dearden, EY - Financial Services, International Tax Services, New York City
• Chris Larkin, EY - Financial Services, Tax, Cayman Islands

Who should attend:

Professional employed in or serving:

1. Companies with PFIC considerations
2. Insurance companies
3. Companies requiring International travel

Cost: CISPA Members - CI$60, Non-CISPA Members - CI$70

CPD Credits: 2 hours

Due to high standing costs, no refunds will be issued. If you are unable to attend and wish to send a replacement, please notify Lauren Parsons at lauren.parsons@cispa.ky no later than 3 p.m. on 21 September.