United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2004-05-13 monographic deposited born digital 66 p. GA 1.13:GAO-04-303 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-04-303 P0b002ee180372eb2 f:d04303 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-04-303 machine generated eng fdlp REPORT GAOREPORTS-GAO-04-303 GAO-04-303 Data collection Federal taxes Financial analysis Private sector Strategic planning Tax administration Life insurance Insurance regulation Federal/state relations Fringe benefits Business records Tax incentives Government/business relations Other Written Product A09988 Business-Owned Life Insurance: More Data Could Be Useful in Making Tax Policy Decisions (13-MAY-04, GAO-04-303). Business-owned life insurance is permanent insurance held by employers on the lives of their employees, and the employer is the beneficiary of these policies. Its attractive features, common to all permanent life insurance, generally include both tax-deferred accumulation of earnings on the policies' cash value and tax-free receipt of the death benefit. Legislators have expressed concerns about the ability of employers to receive tax-favored treatment from insuring their employees' lives. GAO was asked to discuss (1) the prevalence and use of business-owned life insurance, (2) federal and state regulation and oversight of these policies, and (3) the potential usefulness of and costs associated with obtaining more comprehensive data on business-owned life insurance. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-04-303/html/GAOREPORTS-GAO-04-303.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-04-303/pdf/GAOREPORTS-GAO-04-303.pdf GAO-04-303 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-04-303 Other Written Product GAO-04-303; Business-Owned Life Insurance: More Data Could Be Useful in Making Tax Policy Decisions; Data collection Federal taxes Financial analysis Private sector Strategic planning Tax administration Life insurance Insurance regulation Federal/state relations Fringe benefits Business records Tax incentives Government/business relations