So far, a low-key tax year
- Bill would hike large mutuals' taxes. Brostoff, Steven // National Underwriter / Life & Health Financial Services;4/17/95, Vol. 99 Issue 19, p1
Reports that legislation to increase the tax liability of large mutual insurance companies has been introduced in the House of Representatives. Repeal of Section 809 of the tax code and placement of a cap on the amount of dividends life insurance companies can deduct; Exemption of certain small...
- Wake up to the tax changes ahead. // National Underwriter / Life & Health Financial Services;7/17/95, Vol. 99 Issue 29, p34
Editorial. Reports that tax reform is a hot topic on Capitol Hill. Changes contemplated for insurance industry to have monumental potential; David Wentworth to chair task force to examine tax proposals; Slow response from industry; Industry as poor long-term planner; Insurers standing to lose...
- Senate finds money to fix IRS without insurance taxes. // LAN: Life Association News;Jun98, Vol. 93 Issue 6, p45
Reports on the United States Senate's passage of the Internal Revenue System (IRS) Restructure bill. Significance of the Senate's rejection of the President Bill Clinton Administration's insurance-related revenue-raisers to life insurers; Compromise corporate-owned and bank-owned life insurance.
- U.K. equalization reserve tax deduction debated. Howard, Lisa S. // National Underwriter / Property & Casualty Risk & Benefits Manag;5/8/95, Vol. 99 Issue 19, p23
Reports on the revamp of United Kingdom's tax code that will give insurers and reinsurers tax deductions for holding `equalization reserves' designed to respond to exceptional or catastrophic claims. Business groups included and excluded in the scheme; Percentages for each business group;...
- Industry Escapes Tax Hike, AIA Rep Says. Brostoff, Steven // National Underwriter / Property & Casualty Risk & Benefits Manag;07/26/99, Vol. 103 Issue 30, p4
Reports on the likelihood that the property-casualty industry in the United States will escape a tax increase proposed by the Clinton administration. Tax legislation approved by the Senate Finance Committee and the House of Representatives rejecting the administration's proposals; Comments from...
- Mass. tax reduction bill has catch. Hartnett-Barry, Joan // National Underwriter / Life & Health Financial Services;5/25/98, Vol. 102 Issue 21, p10
Reports that the Massachusetts House has passed a legislative bill that would reduce the tax paid by life property-casualty insurers domiciled in the state. Areas of taxation that will be affected by the bill; Key component of the bill; Provision of the bill; Approximate value of tax savings...
- The Final Song And Dance. // National Underwriter / Life & Health Financial Services;2/21/2000, Vol. 104 Issue 8, p30
Ponders on the proposals to tax the life insurance industry in the United States (US). Role of the US government; Overview of the tax increase; Opposition against the proposal.
- Massachusetts governor signs insurance tax bill. Hartnett-Barry, Joan // National Underwriter / Property & Casualty Risk & Benefits Manag;08/17/98, Vol. 102 Issue 33, p3
Reports that Massachusetts Governor Paul Cellucci has signed a bill that will change the way domestic property-casualty insurers are taxed. Estimated annual savings from tax; American Insurance Association's efforts to eliminate the tax; Provisions of the law; Establishment of a revolving fund...
- Insurance Tax Relief Amendment Withers In Mass. Schmitt, Frederick // National Underwriter / Life & Health Financial Services;7/8/96, Vol. 100 Issue 28, p6
Reports on the uncertainty for approving tax relief legislation proposals for life insurance companies in Massachusetts. Amount of tax relief proposed by the state's legislators; Need to remove discriminatory policies against life insurers; Comments.