Comprehensive Tax Reform: Hearings Before the Committee on Ways and Means, House of Representatives, Ninety-ninth Congress, First Session, on the President's Tax Proposals to the Congress for Fairness, Growth, and Simplicity, May 30; June 4, 5, 7, 11, 12, 13, 14, 17, 20, 25, 26, 27; July 8, 9, 10, 11, 12, 17, 19, 22, 25, 26, 29, 30, and 31, 1985 [hearings Held May 30, 1985 Through July 31, 1985].U.S. Government Printing Office, 1986 - Income tax |
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Page 5902
... administration's proposals are con- cerned , we do believe that it will be difficult to administer , though we do believe also that it can be done by companies . However , our fundamental difference here with the administration is that ...
... administration's proposals are con- cerned , we do believe that it will be difficult to administer , though we do believe also that it can be done by companies . However , our fundamental difference here with the administration is that ...
Page 5904
... Administration in 1985 for dealing with the property / casualty ( p / c ) insurance loss reserve accounts was ... Administration's concept was that the balance in the QRA would be increased annually by an interest rate equal to ...
... Administration in 1985 for dealing with the property / casualty ( p / c ) insurance loss reserve accounts was ... Administration's concept was that the balance in the QRA would be increased annually by an interest rate equal to ...
Page 5905
... Administration's proposals for both the p / c insurance loss reserves and the mining reclama- tion reserves was consistent . Each proposal's ultimate economic effect was to recognize the time value of money by placing the relevant ...
... Administration's proposals for both the p / c insurance loss reserves and the mining reclama- tion reserves was consistent . Each proposal's ultimate economic effect was to recognize the time value of money by placing the relevant ...
Page 5914
... administration's proposal produce much in the way of new revenue ? Do you have an estimate of what that would raise , and could you also comment on what kinds of em- pirical numbers you might have to - we would have to impose , in the ...
... administration's proposal produce much in the way of new revenue ? Do you have an estimate of what that would raise , and could you also comment on what kinds of em- pirical numbers you might have to - we would have to impose , in the ...
Page 5917
... administration proposes still another set of major changes in the treatment of policyholders and life insurance ... administration's tax reform proposal would levy an income tax on null purchased policies beginning next year . It ...
... administration proposes still another set of major changes in the treatment of policyholders and life insurance ... administration's tax reform proposal would levy an income tax on null purchased policies beginning next year . It ...
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Common terms and phrases
A.M. Best additional Administration's proposal after-tax Allstate American amount annuity contracts billion capital cash value casualty insurance Chairman Committee competitive Congress Corp corporate cost coverage current law deduction deferred annuities discounting earned effect employee benefit excise tax exempt Federal foreign insurers funds impact impose income tax increase INDICATED CHANGE 33 inside buildup insurance industry insurance policies insurance protection interest Internal Revenue Code investment income letter liability LINE OF BUSINESS loan loss reserves medical malpractice mutual companies mutual insurance mutual insurance companies National Association paid PAL account payments percent permanent life insurance plans policyholder dividends property and casualty property-casualty insurance property/casualty proposal to tax purchase QRA Method RATE EXPENSE RATIO reinsurance result retirement risk self-insurance STARK statement surplus tax burden tax law tax proposal TAX RATE tax reform tax treatment taxable income taxation taxpayers term insurance Treasury U.S. insurers underwriting value life insurance whole life insurance
Popular passages
Page 6511 - Article 9 do not disturb either the provisions of section 119 (a) (3) of the Internal Revenue Code, relating to source of compensation for labor or personal services, or the provisions of the Internal Revenue Code relating to the taxation of such compensation in the hands of a nonresident individual who is a resident of France.
Page 6739 - March 1, 1913, and not acquired as a result of purchase of a proven tract or lease, where the fair market value of the property is materially disproportionate to the cost, the depletion allowance shall be based upon the fair...
Page 6309 - General Explanation of the Revenue Provisions of the Deficit Reduction Act of 1984, prepared by the Staff of the Joint Committee on Taxation.
Page 6636 - American Association of community and Junior Colleges American Association of State Colleges and Universities American Council on Education Association of American universities Association of Catholic Colleges and Universities Association of Jesuit Colleges and Universities...
Page 5975 - ... shareholders surplus account" and may be distributed by the life insurance company to its shareholders without further tax consequences. Tax on the remaining 50% of the excess of gain from operations over investment income was intentionally deferred by Congress because "it is difficult, if not impossible, to determine the true income of insurance companies otherwise than by ascertaining over a long period of time the income derived from a contract or block of contracts.
Page 6636 - NATIONAL ASSOCIATION FOR EQUAL OPPORTUNITY IN HIGHER EDUCATION NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES NATIONAL ASSOCIATION OF STATE UNIVERSITIES AND LAND-GRANT COLLEGES...
Page 6291 - In support of this argument, taxpayers made reference to the reports of the Senate Finance Committee and the House Ways and Means Committee...
Page 5983 - ACLI is a trade association representing 627 life insurance companies that, in the aggregate, account for approximately 95 percent of the life insurance in force in the United States, hold 93 percent of the assets of all United States life insurance companies, and hold 97 percent of the assets of all insured pension plans. Many of the members of ACLI also write health insurance. The Health Insurance Association of America, the National Association of Life Underwriters, and the Association for Advanced...
Page 6480 - Holdings: 2900 books; releases of the Financial Accounting Standards Board and the American Institute of Certified Public Accountants; 190 loose-leaf services.
Page 6396 - Insurance is a device for the reduction of the uncertainty of one party called the insured, through the transfer of particular risks to another party, called the insurer, who offers a restoration, at least in part, of economic losses suffered by the insured.