Insurance taxes News

Texas Comptroller: State Revenue Driven by Increasing Insurance Premiums

When Texas lawmakers meet next month for a special session on funding public education, they will have more money available to them to spend than they anticipated when they passed the state’s $321.3 billion budget earlier this year, Texas Comptroller …

Global Minimum Tax Proposal Could Create Double Taxation for Some Insurers: AM Best

Given the accounting differences for global insurance companies in different jurisdictions, a new global minimum tax on certain multinational companies creates the potential for double taxation for some insurance companies, according to an AM Best commentary. The Organization for Economic …

New Mexico’s Auditor Wants Second Audit Of Insurance Taxes

New Mexico’s state auditor is calling for a new audit into whether health-insurance companies have been underpaying the premium taxes they owe. The Albuquerque Journal reported that State Auditor Tim Keller asked that a new independent accounting firm should be …