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Tax battle put on hold.

The threat of punitive tax regulation on US carriers ceding to Bermudian parents is far from a dead issue, says Adrian Leonard.

Insurers that have moved from the US to Bermuda to reduce their tax
bills have for the moment escaped the threatened imposition of a US law
designed to stop the tax avoidance.


Yet the war is not over

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Axa Partners hit with FCA limitations

Following the Which? super complaint, the Financial Conduct Authority has told Axa Partners UK it cannot grow its current customer base without written permission from the regulator.

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