Tax reform proposals: hearing before the Committee on Finance, United States Senate, Ninety-ninth Congress, first session, October 1, 1985. Impact of the tax plan on the insurance industry. XXIIU.S. Government Printing Office, 1985 |
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A.M. Best additional Administration Proposals Administration's proposal after-tax American amount annuity contracts billion capital cash value casualty insurance CHAIRMAN claims Committee Congress corporate cost coverage current law deferred annuities DEFRA discounting earned economic income effect eliminate enacted exempt federal funds impose income tax increase INDICATED CHANGE 33 individual inside build-up insurance industry insurance policies insurance protection insurance reserves interest Internal Revenue Code Internal Revenue Service investment income limit LINE OF BUSINESS loss reserves medical malpractice mutual companies mutual insurance mutual insurance companies paid PAL account payments percent permanent life insurance plans policyholder dividends policyowner PRESENT VALUE property and casualty property-casualty insurance property/casualty companies purchase QRA proposal reinsurance reserve deduction result retirement risk rules special deduction surplus tax law tax proposal TAX RATE tax treatment tax-exempt taxable income taxation taxpayers term insurance tion Treasury U.S. insurers value life insurance whole life insurance
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Страница 163 - The amount of income, war-profits, and excess-profits taxes imposed by foreign countries or possessions of the United States shall be allowed as a credit against the tax of a domestic insurance company subject to the tax imposed by section 201...
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