two-day seminar on tax issues.

Issues hotly debated on Tuesday included proposals which could see United States-owned offshore captives taxed by the US Government.

Both Bermudian and North American tax professionals attended the Offshore Insurance Operations Conference 2000 to listen to the latest theories on tax and insurance.

Co-chairman Mark Anderson, a partner at KPMG hosted the first day which included talks on fund losses, guaranteed premiums, federal taxes and alternative tax regimes.

The accounting firm KPMG hosted a reception for delegates and speakers at the hotel on Tuesday night. Yesterday the conference kicked off with employee benefits in captives before moving on the use of offshore vehicles to write annuity and life insurance products.

TAXES TAX BUSINESS BUC