Life Insurers Keep Keen Eye on Tax Panel as it Wraps Up Recommendations

A federal commission examining fundamental changes to the U.S. tax code is very unlikely to scrap the income tax system in favor of a national sales tax or a European-style value-added tax, the panel's vice chairman told the American Council of Life Insurers. But a trio of former U.S. Treasury Department tax officials noted that whatever changes the panel ultimately recommends could have tremendous consequences for the life insurance industry.

Life Insurers Keep Keen Eye on Tax Panel as it Wraps Up Recommendations
Source: Insurance News Net