Shawn Gumataotao’s first two bills seek to increase life insurance benefits from $10,000 ... and roll back the business privilege tax from the current 5% to 4%. Gumataotao’s bill recognizes ...

Private Placement Life Insurance (PPLI) is a unique policy that combines the benefits of institutionally priced life insurance with flexible investment opportunities. In appropriate circumstances, ...

The latest clarification classifies ULIPs as capital assets, with proceeds taxed under ‘capital gains’ instead of ‘income ...

T he Finance Minister has clarified that Unit Linked Insurance Plans (ULIPs) on whom clause (10D) of section 10 does not ...

A person’s tax situation can depend on factors like their marital status and income level but there are many other things ...

I celebrated my sixty fifth birthday. Where did the time go? If my East German father Willy Wolfgang Nowotny were still ...

The data provided in this press release is provided for informational purposes only and does not constitute tax advice. Stockholders are urged to consult their own tax advisors regarding any ...

With a shortage of tax professionals in the country compared to previous years, many small business owners may be looking for new ways to get their taxes filed with as little hassle as possible.

If a federal appeals court interpretation of California life insurance lapse laws stands, it could “undermine” regulations nationwide, the plaintiff claims. Brighthouse Financial, Inc. (NASDAQ ...

Ashlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about ...

Introduce subsidies for higher education to make it accessible for middle-class families. Increase health budget to 10% and remove tax on health insurance. Raise the income tax exemption limit from Rs ...

Thousands of older drivers above the age of 70 could be exempt from new Vehicle Excise Duty (VED) car tax changes set to hit motorists from the Spring. New car tax rules will impact almost all ...