VCIA Members had blast last night at ECHO Science Museum and Aquarium, right on the Lake Champlain Waterfront with views of the Adirondack Mountains! Great festive atmosphere with personal and captive catch ups interspersed. Thanks for everyone who came out!
An accountant, an auditor, and a tax lawyer walk into a bar…just kidding, no joke here. But have you ever had fun at a tax seminar? Well I think you just might at our Captive Taxation webinar next week. For real!
For those of you that think that high jinx might be a little lacking as you wade through IRS and state taxes for captives, then we may have the right antidote to put you in the mood for holiday cheer.
I have been present as Chaz Lavelle and Dan Kusaila have been developing and practicing for next week’s VCIA tax webinar and it has been a total hoot to watch as these two long time thought leaders and contributors to the VCIA combine a review of the arcane backwaters of tax with anarchic humor.
Perhaps most importantly, they know how to get the information across that you need without drifting and being obscure. If the execution is anything like the prep, it will be a great hour! Enjoy their company, hear some interesting captive tax anecdotes, and learn about what’s ahead for our industry, tax-wise, in 2023. If you haven’t done so, you can still register for the tax webinar here. You won’t be disappointed by Chaz and Dan!
Of course, we have a more typical way to get into the holiday spirit with our annual holiday party the day before the tax webinar. Over 80 of your colleagues have already registered for this event, and I look forward to meeting friends old and new as we wind down what has been an exceptional 2022 for the VCIA with a great event at ECHO in Burlington. VCIA members can register for their free holiday mixer here.
I hope to see you at these events next week!
After a brief break for the Thanksgiving holiday, we’re back to review Vermont’s renewed focus on business not only beyond state borders, but also outside of the US.
Just before the Thanksgiving break, a Vermont delegation led by the DFR’s Sandy Bigglestone and including myself and Brittany Nevins as well as representatives from the Vermont professional provider community were present in Luxembourg for the European Captive Forum. At the awards dinner we were naturally delighted to be named as the international domicile of the year, and beyond that we worked on building and establishing relationships across the captive industry in the EU, broader Europe and beyond. With companies from outside of the US seeking to explore alternative risk management strategies for the US and Americas holdings, this was a great time for us to present Vermont and our preparedness to work with global business to a broader audience.
Looking forward into 2023, we are building on the international theme as our COVID-delayed roadshow goes to Mexico City on March 1st. In addition to the roadshow, we are holding multiple meetings with the business, financial and insurance sectors within Mexico as the roadshow expands into a full-blown trade mission. The current lineup of speakers is found below, and Mexican business professionals as well as VCIA members are invited free of charge to this special event. (To register, send your name, title, and contact information to Sylvia.Montano@trade.gov. For questions reach out to Janice Valgoi at janice@vcia.com)
Vermont already has Mexican companies domiciling their captives here, and as that market both grows and becomes more sophisticated, Vermont is ready to be the domicile of choice for Mexican business.
Fun fact time – what do Thomas’s English muffins, Lender’s Bagels, CEMEX and Promised Land Dairy have in common – yup, Mexican owned! Mexico has an economy of $1,150B according to the IMF, making it globally #15, so ahead of Spain, Saudi Arabia and the Netherlands. For these reasons and many others, Vermont and the VCIA is working to ensure that enterprises in this expanding economy have access to well- regulated and effective risk management tools.
As the year comes to a close, VCIA – its staff, Board members and stakeholders – reflect on where we are and where we are going. I’m confident an emerging theme that will continue to surface in 2023 and beyond is our global reach and how we can serve our worldwide members.
Captivated 