Bill Would End Federal Criminal Penalties for Marijuana February 11, 2019 By Michael R. Blood Oregon Sen. Ron Wyden proposed legislation Friday that would give states a free hand to allow legal cannabis markets without...
Federal Cyber Privacy Bill Calls for Fines, Prison for Executives’ Violations November 2, 2018 By David Shepardson A senior Democratic U.S. senator on Thursday unveiled draft legislation that would allow hefty fines and as much as 20-year...
PaCRe Exit Eased Tax Scrutiny on Offshore Reinsurers: Third Point Re CEO June 16, 2016 By Katherine Chiglinsky Dan Loeb’s Third Point Reinsurance Ltd. said scrutiny of the industry’s offshore tax advantage has lessened after hedge fund manager...
Hedge Funds Leery of Moves to Limit U.S. Reinsurance Tax Break March 3, 2016 By Katherine Chiglinsky and Sonali Basak Dan Loeb’s reinsurer cited risks tied to regulation as the Internal Revenue Service and U.S. Senator Ron Wyden work to...
Paulson’s PaCRe Shuts Down After Investment Slump, Bermuda Tax Uncertainties January 13, 2016 By Sonali Basak and Zachary R. Mider Billionaire John Paulson’s New York hedge fund firm has shut an operation in Bermuda that had been targeted by a...
Hedge Funds Targeted in Senator Wyden’s Reinsurance Tax Bill June 26, 2015 By Selina Wang and Sonali Basak The owners of hedge fund-backed reinsurers, including one tied to John Paulson, could have to pay more taxes or shift...
IRS Scrutiny of Offshore Tax Avoidance Repels Bids for Bermuda Reinsurers May 19, 2015 By Sonali Basak The IRS’s scrutiny of tax avoidance in offshore locations has discouraged bidders from taking over reinsurers, potentially reducing the companies’...