Increasing complexity of insurance premium tax

The increasing complexity of insurance premium tax (IPT) obligations across the expanding European Union is harming insurers' operating efficiency and dissuading some from pursuing profitable business opportunities. This was a key conclusion of a recent forum held jointly by the Association of British Insurers and the Insurance Underwriting Association. "IPT in the EU is effectively a block against insurers' new freedom to write business across the region," said Mike Stalley, chief executive of

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