Premiums paid to captives can be tax deductible: court. (parent corporation affiliates, Court of Appeals for the Ninth Circuit): An article from: ... & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on November 16, 1992. The length of the article is 812 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Court of Appeals for the Ninth Circuit Judge Ferdinand F. Fernandez upheld two Tax Court rulings that permit parent insurance companies to claim a tax deduction for insurance premiums paid to a subsidiary company. Fernandez ruled that payments made by insurance holding companies Harper Group Inc and AMERCO were deductible insurance transactions. The Internal Revenue Service sought a disallowance of Harper Group Inc's $11 million tax deductions and claimed a $40 million tax deficiency from AMERCO based on its interpretation that insurance premiums paid to subsidiaries were taxable internal financial transactions.

Citation Details
Title: Premiums paid to captives can be tax deductible: court. (parent corporation affiliates, Court of Appeals for the Ninth Circuit)
Author: Christopher Dauer
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: November 16, 1992
Publisher: The National Underwriter Company
Issue: n46 Page: p2(2)

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