More and more, companies are considering taking out insurance on specific tax risks. This is an attractive alternative form of “de-risking” in situations where other forms of assurance (such as an advance tax ruling) are not opportune. This does not involve a W&I insurance, but rather the insurance of specific and identified tax risks, including dividend tax, corporate tax, transfer pricing, and indirect taxes such as VAT and property transfer tax.
We assist insurance industry players in evaluating tax risks.