Taxing Insurance Companies [electronic resource] /
Holland, David S.,1943-
Organisation for Economic Co-operation and Development.
Organisation for Economic Co-operation and DevelopmentContent Provider
Organisation for Economic Co operation and DevelopmentContent Provider
Normand, Denis.
Paris : OECD Publishing,
2001.
This study examines the difficult task of applying income taxation to the life and property and casualty insurance industries. Particularly in the case of life insurance, OECD countries have pursued a variety of methods to try to tax the income arising in insurance companies. This study analyses the policy and technical problems that arise in designing an effective means of income taxation. In addition to outlining the general approaches used by OECD countries in this area, the authors have drawn upon their extensive practical experience in designing a tax system for the insurance industry in their home country. Based on this experience, they have addressed the major policy questions faced by tax policy-makers in this area and included a critical analysis of the various technical issues which arise in turning theory into practice.
Description based upon print version of record.
""CONTENTS""; ""Chapter 1. Insurance as Part of the Financial Industry""; ""Chapter 2. Regulation of the Financial Institution Industry""; ""Chapter 3. General Timing and Valuation Issues""; ""Chapter 4. Issues in International Taxation""; ""Chapter 5. Taxation of Property and Casualty Insurance Companies""; ""Chapter 6. Comparisons of Selected OECD Countries: Treatment of General Insurance under the Income Tax""; ""Chapter 7. Taxation and Reinsurance""; ""Chapter 8. Comparisons of Selected OECD Countries: Treatment of Reinsurance""; ""Chapter 9. Life Insurance Companies""
""Chapter 10. Comparisons of Selected OECD Countries: Income Taxes on Life Insurers""""Chapter 11. Taxation of Policyholders""; ""Chapter 12. Comparisons of Selected OECD Countries: Policyholder Taxation""; ""Chapter 13. Alternative Methods of Taxing Financial Institutions""; ""Chapter 14. Comparisons of Selected OECD Countries: Premium Taxes on Insurance Companies""; ""Glossary of terms""; ""Bibliography""
This study examines the difficult task of applying income taxation to the life and property and casualty insurance industries. Particularly in the case of life insurance, OECD countries have pursued a variety of methods to try to tax the income arising in insurance companies. This study analyses the policy and technical problems that arise in designing an effective means of income taxation. In addition to outlining the general approaches used by OECD countries in this area, the authors have drawn upon their extensive practical experience in designing a tax system for the insurance industry in their home country. Based on this experience, they have addressed the major policy questions faced by tax policy-makers in this area and included a critical analysis of the various technical issues which arise in turning theory into practice.
Insurance
Life insurance
OECD tax policy studies