Tax On Insurance Companies, War Revenue Act
Tax On Insurance Companies, War Revenue Act
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That question has been presented to the Com- missioner of Internal Revenue, and, on the existing law, he has ruled TAX ON IN8UBAK0E COMPANIES WAB REVENUE ACT. 9 that the companies which write the industrial business on the monthly premium plan would pay 10 per cent instead of 40 per cent.
Mr. Russell. That changes the proviso as it is in the act of 1898.
Mr. Brosmith. I do not Know that it really does change it, but it makes it more definite, because what is known as industrial insurance takes ...in both the weekly and monthly payments.
The Chairman. There is a criticism nere of the proposed law, that it does not provide for any return of the first weekly premium Mr. Brosmith. I have one covering that.
The Chairman. And the first monmly premium.
Mr. Brosmith. A criticism to that effect was submitted, I think, by the Metropolitan Life Insurance Company, one of the largest writers of industrial insurance, and to meet their suggestions the amendment which I will next read, or the second one from now, was inserted.
What to read after Tax On Insurance Companies, War Revenue Act?
You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. House. Committee On Ways And Means to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
That question has been presented to the Com- missioner of Internal Revenue, and, on the existing law, he has ruled TAX ON IN8UBAK0E COMPANIES WAB REVENUE ACT. 9 that the companies which write the industrial business on the monthly premium plan would pay 10 per cent instead of 40 per cent.
Mr. Russell. That changes the proviso as it is in the act of 1898.
Mr. Brosmith. I do not Know that it really does change it, but it makes it more definite, because what is known as industrial insurance takes ...in both the weekly and monthly payments.
The Chairman. There is a criticism nere of the proposed law, that it does not provide for any return of the first weekly premium Mr. Brosmith. I have one covering that.
The Chairman. And the first monmly premium.
Mr. Brosmith. A criticism to that effect was submitted, I think, by the Metropolitan Life Insurance Company, one of the largest writers of industrial insurance, and to meet their suggestions the amendment which I will next read, or the second one from now, was inserted.
What to read after Tax On Insurance Companies, War Revenue Act?
You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. House. Committee On Ways And Means to read onlineMoreLess
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