As first appeared in Bloomberg BNA.
Captive insurance companies, which enjoy certain tax advantages under state law, lately have made their appearance in corporate structures as a means of preserving tax benefits that would not normally be allowed to related parties, most notably in the area of holding and managing intangible assets. In this article, Ross Cohen of Bingham Greenebaum Doll LLP discusses some of the important judicial and legislative developments facing captive insurance companies in state taxation.