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The Effect of taxes on the location of property-casualty insurance firms

Recurso electrónico / Electronic resource
Registro MARC
Tag12Valor
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008  201223e20201201usa|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎215
1001 ‎$0‎MAPA20190015554‎$a‎Grace, Martin F
24514‎$a‎The Effect of taxes on the location of property-casualty insurance firms ‎$c‎Martin F. Grace, David L. Sjoquist
520  ‎$a‎States levy insurance premium taxes, which are essentially gross receipt taxes on premiums. An unusual characteristic of insurance premium taxes is that in each state in which an insurance company writes premiums, the firm pays the higher of the tax rate in the state in which the company is domiciled and the state in which the policy is written. Thus, the choice of location has a significant effect on the firm's tax liability. Using firm-level data for the property-casualty (P-C) insurance industry, we calculate the firm-specific tax rate for each P-C firm for every possible state of domicile. We estimate conditional logistic models to analyze the effect of insurance premium taxes on the choice of the state of domicile of existing and relocated firms. We find robust evidence of a small, negative, and statistically significant effect of these taxes on the choice of the state of domicile.
650 4‎$0‎MAPA20080590567‎$a‎Empresas de seguros
650 4‎$0‎MAPA20080624934‎$a‎Seguro de daños patrimoniales
650 4‎$0‎MAPA20080551285‎$a‎Impuestos
650 4‎$0‎MAPA20080581886‎$a‎Primas de seguros
7001 ‎$0‎MAPA20190006149‎$a‎Sjoquist, David L.
7730 ‎$w‎MAP20077000727‎$t‎The Journal of risk and insurance‎$d‎Nueva York : The American Risk and Insurance Association, 1964-‎$x‎0022-4367‎$g‎01/12/2020 Volumen 87 Número 4 - diciembre 2020 , p. 1035-1062