Description: Presented at May 1985 Spring Meeting. This session discussed: Tax change, Product line allocation, Stock and mutual company considerations, Generally accepted accounting principles deferred taxes, Accounting for life/life and life/nonlife tax consolidations, Tax sharing agreements among affiliated companies, Reinsurance agreement impact, Conflicts between tax planning and solvency considerations.

Description: Experts discuss: [1] an overview of U.S. taxation of life-insurance income from 'controlled foreign corporations' [CFCs], [2] the actuarial aspects of the taxation of CFCs, and [3] taxation issues relative to minority-owned [not 'controlled'] foreign corporations. From the 1997 Record of Society of Actuaries, Vol. 23, No. 3.