Do property-casualty insurance firms locate to minimize insurance premium taxes?

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<title>Do property-casualty insurance firms locate to minimize insurance premium taxes?</title>
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<name type="personal" usage="primary" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080164492">
<namePart>Grace, Martin F.</namePart>
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<name type="personal" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20190006149">
<namePart>Sjoquist, David L.</namePart>
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<dateIssued encoding="marc">2019</dateIssued>
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<abstract displayLabel="Summary">States levy insurance premium taxes, which are essentially gross receipt taxes on premiums, with insurance companies paying the higher of the tax rate in the state in which the company is domiciled and the state in which the policy is written. Using firm-level data for the propertycasualty (P-C) insurance industry, we estimate the extra insurance premium tax that P-C insurance firms pay by not locating in the state that minimizes their insurance premium taxes. We find that only 4.78 percent of P-C firms are located in the state that minimizes their insurance premium taxes. We explore the relationship between the extra tax paid and other factors that are thought to be associated with firm location choice.We find that P-C firms appear to trade off higher taxes to locate in a state that is more urban. </abstract>
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<topic>Mercado de seguros</topic>
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<topic>Fiscalidad del seguro</topic>
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<topic>Impuestos especiales</topic>
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<topic>Empresas de seguros</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080638337">
<geographic>Estados Unidos</geographic>
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<title>Risk management & insurance review</title>
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<publisher>Malden, MA : The American Risk and Insurance Association by Blackwell Publishing, 1999-</publisher>
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<identifier type="issn">1098-1616</identifier>
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<text>01/03/2019 Tomo 22 Número 1 - 2019 , p. 101-125</text>
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