Simplified Explanation of Treasury's Proposal to Change the Way Life Insurance Companies Are Taxed.

Explains and discusses recent Department of Treasury proposals to repeal existing provision requiring certain companies to reduce amounts of some of their deductions by a so-called "differential earnings amount"; to impose new investment earnings tax to apply to life insurance companies, i...

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Bibliographic Details
Corporate Authors: Library of Congress. Congressional Research Service, ProQuest (Firm)
Format: eBook
Language:English
Published: [Place of publication not identified] : [publisher not identified], 1989.
Series:U.S. Congressional Research.
Subjects:
Online Access:Connect to the full text of this electronic book
Description
Summary:Explains and discusses recent Department of Treasury proposals to repeal existing provision requiring certain companies to reduce amounts of some of their deductions by a so-called "differential earnings amount"; to impose new investment earnings tax to apply to life insurance companies, in addition to current income tax; and to allow stockholderowned companies to claim credit against the new tax for dividends they pay to their stockholders.
Item Description:Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed June 2010). Reuse except for individual research requires license from ProQuest, LLC.
CRS Report.
Electronic resource.
Physical Description:1 online resource.