This paper confirms the conjecture that the evaluation of tax policy leads to very different conclusions once the role of entrepreneurs is considered. Contrary to previous literature, the author finds that switching from a progressive to a proportional income tax system has a negligible effect on wealth inequality in the...
Proportional reinsurance is often thought to be a very simple method of covering the portfolio of an insurer. Theoreticians have not been particularly interested in analyzing the optimality properties of these types of reinsurance covers. This paper uses a real-life insurance portfolio in order to compare four proportional structures: quota...
The client is a leading reinsurance company. The client wanted to reengineer New Business processes for Facultative and Treaty reinsurance for managing the service effectively and efficiently. Wipro first carried out a Six Sigma-based process mapping for Treaty Proportional/Non-Proportional and Facultative Proportional/ Non-Proportional. The team identified process leakages, defined process...
Two proportional control models have been added to the company's spring-return M9216 electric actuator series. These units offer on/off, floating, or proportional controls to fit a variety of applications and provide 140 lb-in. of torque, or 280 lb-i Two proportional control models have been added to...
The concepts described in this study are applicable to every class of insurance and are not limited, for instance, to the casualty or property damage classes. The publication is based on Bruno de Finetti's work on the establishment of optimal proportional retentions which was published in a 1940 article entitled...
This paper highlights certain questions such as what options are available in the design of refundable tax credits for health insurance purchases. What are the effects of different options, and how should they be evaluated? The research reported here compares three alternative types of tax credit schemes: fixed dollar credits...
The aim of this report is to provide the reader with a general and easily understandable overview of the nature and transaction of non proportional treaty business from the point of view of reinsurance accounting. This way, the report hopes to provide non-reinsurers with material that will help them fulfill...
The Parker Hannifin Corp Hydraulic Valve Division is providing the new Series D1FP and D1FP*S direct-operated proportional control valves. The Parker Hannifin Corp Hydraulic Valve Division is providing the new Series D1FP and D1FP*S direct-operated proportional control valves.
You may think inheritance tax IHT is something only millionaires worry about. You’d be wrong. Millionaires don’t worry about it at all. They will already have made arrangements to avoid paying it. Inheritance tax has been described by some tax experts as a voluntary tax it is so easy to...
This paper proposes a model, the proportional odds ratio POR model, which makes no assumptions about the shape of ORp, a baseline function capturing the way OR changes across papers. The paper demonstrates how to formulate the model for a few real examples, and how to use widely available or...
In recent years the Tax Court had displayed considerable hostility to sophisticated corporate tax planning, so much so that tax practitioners now ordinarily recommend that corporate tax shelter issues be litigated in the U.S. District Court or Federal Claims Court, if the taxpayer can afford to pay the tax and...
This article explains the different ways of calculating index funds. Not all indexes are created in the same way. How they are put together can affect investor returns. Three methods primarily used to construct indexes are: Market value-weighted Method - Each stock is given a weighting proportional to its market...
Mortgage termination can be caused by one of the competing risks such as refinance, move, or default. The majority of existing empirical papers model the competing risks of mortgage termination using either a logit framework or a proportional hazard framework. This paper proposes a comparative study of competing risks of...
Campbell, CA--Anadigm has released an electronic design automation EDA tool that automates development of analog 'proportional, integral derivative" PID control loops. The company reports that its AnadigmPID tool reduces to minutes the tim Campbell, CA--Anadigm has released an electronic design automation EDA tool...
More than half of you will pay some tax pro to prepare your tax returns this year, according to statistics from the IRS. Tax pro also talk to other tax professionals from around the country. Because they talk, shop and share insights. They tell things to one another that they...
In the U.S. Treasury Department's continuing effort to stop abusive tax shelters and restore integrity to the tax system, the 1RS announced earlier this year three provisions that make it more difficult for tax advisors to issue tax opinions and for taxpayers to avoid the imposition of the tax accuracy-related...
The nanny tax is actually shorthand for three federal employment taxes - Social Security and Medicare taxes together referred to as FICA tax and the federal unemployment, or FUTA, tax. You will probably also owe state unemployment tax and perhaps state disability tax as well.
These document queries certain issues on tax and budget deficits that are causing states to be more aggressive with their auditing and collection of taxes. Read on to recognize that the sales and use tax specialists at Colonial Tax can help your tax department achieve compliance. Know more about colonial...