Porat, M Moshe; Powers, Michael R - In: The Geneva Papers on Risk and Insurance - Issues and … 20 (1995) 2, pp. 197-229
Over the past three decades, the global captive insurance movement has established itself as a significant alternative to traditional insurance. During this period, the controversy surrounding the tax-deductibility of both premiums paid to captives and reserves held by captives has never abated....