Mark Smith, Author at Insurance Thought Leadership



Mark Smith

Mark Smith

Mark Smith is a managing director with PwC’s tax services, specializing in issues affecting insurance companies and products that they issue.

Before joining PwC, Smith served for five years as an attorney-adviser in the Treasury Department Office of Tax Policy, where he was the only attorney specializing in domestic insurance tax issues. Smith was the front-line treasury reviewer on most of the IRS-published guidance affecting insurance companies and products.

Smith joined the Office of Tax Policy from the IRS Chief Counsel’s Office, where he had served for 18 years, including nine years as the chief of the insurance branch. In the insurance branch, Smith was responsible for a large number of private letter rulings, technical advice memoranda and other guidance addressing domestic issues that primarily affect insurers.

Smith speaks frequently before industry groups on insurance topics and is the most recent past chair of the Insurance Companies Committee of the American Bar Association tax section.

Recent Articles by Mark Smith

Operational Impacts of the 2017 Tax Cuts

The Dec. 22, 2017, Tax Cuts and Jobs Act is the most sweeping piece of U.S. tax legislation in more than 30 years. It will have wide-ranging impacts on insurers’ business, including corporate structure, regulatory capital and products. We describe in detail elsewhere the act’s technical details and will continue to address what insurers need […]

Implications for Insurance Taxation?

Election-year politics are dominating legislative action this year as both parties lay down policy agendas for 2017 and beyond. President Obama and the Republican leaders of Congress are offering competing plans on how to reform the U.S. tax system and how to promote other policies intended to increase economic growth and make American companies more […]

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