UK budget includes ILS tax law commitment

The UK government has formally outlined plans to legislate the
tax treatment of insurance-linked securities (ILS) vehicles by
including the proposal as a commitment in its annual budget
proposals.
The budget, unveiled today (16 March) by Chancellor of the
Exchequer George Osborne, said that the Finance Bill 2016 would
institute powers for regulating the tax treatment of ILS at the
level of issuers and the investor.
Such measures are seen as key requirements for London to be able
to attract...