Ethics, taxes, contracts and ethical dilemmas
Article Abstract:
Drafters of both tax laws and insurance sales compensation schedules should ensure that both are drafted fairly to minimize the incentive for taxpayers and insurance agents, respectively, to act unethically. Complex tax laws and high rates provide the incentive to cheat, and de minimis rules should be used to eliminate trivial illegalities. Sales bonuses and awards should not be used in compensation plans because they will make it more difficult for agents to do the right thing and sell clients only the insurance that they need.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Reducing the tax burden of transfers to charities
Article Abstract:
Businesses can transfer funds to charities in such a way as qualifying as business expenses. Tax burdens for both parties must be carefully analyzed to find which structure will created the lowest taxes. A spreadsheet designed with either Excel 5.0 or Lotus 1-2-3 for Windows can help determine which treatment will produce the lowest tax burden.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Choices and consequences
Article Abstract:
A life insurance agent must be aware of the ethical issues faced every day. Ethical decision-making requires careful analysis of the choices available and the potential consequences, in a manner similar to a career change, so that one's immediate goals do not conflict with one's overall personal values.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Political correctness and the First Amendment: the false threat. Yes: swift action is needed - not apology
- Abstracts: The taxpayer's rights and the role of the Tax Ombudsman: an analysis from a Spanish and comparative law perspective
- Abstracts: The rhetoric of results and the results of rhetoric: judicial writings. What's an opinion for?
- Abstracts: Adoption and the Constitution: are adoptive parents really "strangers without rights"? A rape in cyberspace or how an evil clown, a Haitian trickster spirit, two wizards, and a cast of dozens turned a database into a society
- Abstracts: Organizational justice: recognizing and rewarding the good citizen corporation. Participatory management within a theory of the firm