 | United States. Congress. Senate. Committee on Finance - 1959 - Broj stranica: 764
...method of taxation to which it is suggested the committee give first consideration would provide n long-range basis of taxation for life insurance companies...all amounts paid or made available to policyholders. We suggest that the starting point for measuring the net earnings should be the figure for "Net gain... | |
 | United States. Congress. Senate. Committee on Finance - 1959 - Broj stranica: 732
...taxation to which it is suggested the committee give first consideration would provide a long-ranse basis of taxation for life insurance companies bringing...requirements, and all amounts paid or made available to pollcyholders. We suggest that the starting point for measuring the net earnings should be the figure... | |
 | United States. Department of the Treasury - 1959 - Broj stranica: 778
...experience and requirements of the individual company. Two possible solutions are presented herewith. The method of taxation to which it is suggested the...amounts paid or made available to policy-holders. We suggest that the starting point for measuring the net earnings should be the figure for "Net Gain... | |
| |
... utilizes an averaging system, whereby the net taxable income of a life insurance company is measured by reference to an arbitrary or industry-wide standard of interest deductions, not by the actual experience and requirements of the individual company.... 