Proposed Taxes on Reinsurance Will Hurt Consumers

Florida Taxpayers, Homeowners, and Business Owners Particularly Vulnerable

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Additional taxes on reinsurance transactions would wreak havoc with a smoothly functioning private market. The US benefits more from global reinsurance markets than anyone else. Reinsurance has proven successful largely because governments have allowed the free market to work. Any additional taxes on international reinsurance should be approached with great skepticism.