May 6, 2011
Much captive insurance tax interpretation is delivered in a casual way, which prompts the question of how to evaluate it as knowledge. Lack of expertise, ulterior motives, and plain old sloppiness are all too common in the field. Below, we highlight some commonly bruited pieces of misinformation regarding captives. We then consider how an executive seeking advice regarding captives may sharpen his ‘bosh detector’ and ensure that he is getting accurate information.