THE PUZZLE OF LIFE OFFICE TAX
Author: Sole T.C.1
Source: British Actuarial Journal, Volume 1, Number 1, 1995 , pp. 79-105(27)
Abstract:
This paper takes a broad look at tax in general and some of the tax issues peculiar to life offices. A theoretical model for the taxation of life offices and their policyholders is then developed. Moving from theory to practice, the paper then offers its own solution to the puzzle. Appended by way of background reading are brief histories and summaries of life office tax in the UK, New Zealand, USA and Canada.
Keywords: Life office; Profits; Tax
Language: English
Document Type: Research article
Affiliations: 1: State Insurance Limited, Microsoft House, 3-11 Hunter Street, P.O. Box 5037, Wellington, New Zealand. Tel: + 64 4 496 9601; Fax: + 64 4 471 6952; E-mail: tim.sole@norwich.co.nz


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