Accession Number:

ADA106856

Title:

Billions of Dollars are Involved in Taxation of the Life Insurance Industry -- Some Corrections in the Law are Needed.

Descriptive Note:

Corporate Author:

GENERAL ACCOUNTING OFFICE WASHINGTON DC PROGRAM ANALYSIS DIV

Personal Author(s):

Report Date:

1981-09-17

Pagination or Media Count:

236.0

Abstract:

This report examines the provisions of the Internal Revenue Code under which life insurance companies are taxed. We made this review to determine whether the provisions, which were enacted in 1959 and have not been reviewed since, were in need of revision in the light of changed conditions in the economy and the life insurance industry. Author

Descriptors:

• *INDUSTRIES
• *INSURANCE
• *INCOME
• *TAXES
• POLICIES
• MARKETING
• RISK
• INVESTMENTS
• CORPORATIONS
• LIFE EXPECTANCY(SERVICE LIFE)
• CONSUMERS
• LEGISLATION
• PROFITS
• FEDERAL LAW
• REVENUE SHARING

Subject Categories:

• Economics and Cost Analysis
• Sociology and Law

Distribution Statement:

APPROVED FOR PUBLIC RELEASE