We know the League and the NFLPA have all the sophisticated legal resources to draft complex insurance, deferred compensation and trust agreements.
They've been pushing everything from hidden offshore accounts, bogus domestic trusts and discredited "tax protester" arguments (say, that the income tax isn't legal) to abusive insurance, deferred compensation and charitable deduction schemes.
There is simply no reason why defined contribution investors should be paying retail mutual fund fees or investing in tax deferred variable annuities offering illusory insurance protection.
The government says it is still investigating whether these plans qualify as insurance or are impermissible deferred compensation schemes.
Karl Knetsch was taking advantage of the fact that earnings inside insurance products are tax-deferred.
Instead, the VAT holiday would be paid for by interest charged on the deferred tax, and the national-insurance cut would be funded by ditching various reliefs and allowances.
The registered owner of the BMW, Takia Walker, 29, was arrested and charged with insurance fraud Sunday night but authorities have deferred the prosecution of her case pending further investigation.
The answer is, overwhelmingly, insurance companies peddling high-cost, tax-deferred variable annuities with crappy proprietary mutual fund options and high-risk fixed accounts.
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The registered owner was arrested Sunday on insurance fraud charges related to the vehicle, but the case was deferred.
Variable annuities are a form of life insurance that includes a lump-sum death benefit and tax-deferred investments, often mutual funds, which are supposed to provide income during a client's lifetime.
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