Life insurance (21 - 21 of 21 items)
Billions of Dollars Are Involved in Taxation of the Life Insurance Industry--Some Corrections in the Law Are Needed
PAD-81-1: Published: Sep 17, 1981. Publicly Released: Sep 17, 1981.
GAO examined the provisions of the Internal Revenue Code under which life insurance companies are taxed to determine whether the provisions, which were enacted in 1959 and have not been reviewed since, were in need of revision.The Life Insurance Company Income Tax Act needs updating to reflect substantial changes in the industry and the economy. The act contained a number of controversial provisio...