The Concept of Permanent Establishment in the Insurance Business is a trailblazing book focusing on the issues that the insurance companies encounter concerning a permanent establishment, providing an in-depth analysis of how the concept is applied in the context of the insurance industry and further considering potential changes to the permanent establishment definition contained in tax treaties to reflect specific features of this industry. The models commonly used to negotiate bilateral tax treaties say very little about the insurance industry and how the dependent agent permanent establishment provision may affect cross-border marketing, promotion, and insurance distribution.
What’s in this book:
The study furnishes an analytical framework of the insurance industry (particularly, its regulatory landscape and value chain) and advances to discuss the following aspects systematically:
The author concludes by proposing changes to the definition of the dependent agent permanent establishment currently enshrined in the model treaties and their respective commentaries tailored to how insurance companies conduct their business in countries other than incorporation.
How this will help you:
As a pivotal and pertinent contribution to the study of the interplay between insurance regulation and tax implications, this very original work will prove especially valuable to practitioners in international tax and insurance law, professionals in the financial services sector, and tax academics.
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