Insurance
Cost of making life policies PIE compliant
Tuesday 3rd of June 2008
It is a net win for the tax man, although not immediately. Because the PIE rules will take effect early on, they will cost the government roughly $21 million in the first year, rising to $22 million the following year and $25 million the next – a calculation officials say is based on the size of the market and how the market is expected to perform over that time period.
However at the s...
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