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Perspectives on Tax Law
Commentary, firm announcements, and practical analysis on U.S. federal and cross-border tax developments — written for the insurers, families, and attorneys I serve.
Insurance premium excise tax under the U.S. / Chile Tax Treaty
The United States recently finalized its tax treaty with Chile, which is the first new U.S. tax treaty to enter into force in more than ten years. Does the treaty exempt insurance premiums paid to Chilean insurers from U.S. excise tax? It does not, but the answer is not that obvious, and it takes some work to understand why.