Sacramento, Calif. (April 14, 2004) -- The California Franchise Tax Board, the department that administers state personal income taxes and corporation taxes for the state, has subpoenaed two major insurance companies it says may have insured certain abusive tax shelters against government enforcement actions.
The FTB said the subpoenas demand the names and addresses of all California residents, persons with mailing addresses in California, and businesses doing business in California who were issued insurance policies or who sought to procure policies for tax liability, fiscal event, tax indemnity or any similar product from 1999 through 2002.
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