The 9 per cent interest rate, which is line with that paid by UBS in its recent issue, represents a 5 percentage point after tax premium to its dividend.

摩根士丹利支付给中投公司的年利率为9%（与瑞银近期发行的证券利率一致），与其税后股息相比有5个百分点的溢价。

youdao

California is perhaps the most extreme example, because its state tax revenues depend so heavily on the equity premium.

由于税收收入高度依赖股票溢价，加州或许是最极端的例子。

youdao

It's hard to imagine such a tax wouldn't somehow affect my premium.

很难想象，这样一笔税款不会影响到我的保费。

youdao

With stealth taxes rising on pensions, ISAs, Peps where you can no longer reclaim with-holding tax, on top of insurance premium tax, rises in National Insurance and the reduction (in real terms) of allowances, the fact that many people are incapable of understanding tax credits and do not claim them.

BBC: Your comments on the Truth about tax programme.

The premium tax also threatens to further strain state budgets, whose largest cost is generally Medicaid.

FORBES: Just Say 'No' To New Health Insurance Taxes

With life insurance, insurability needs to be secured, and a tax-smart premium funding strategy should be devised.

FORBES: A Wellness Checkup for Your Estate Plan