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During the course of 2010 amendments were made that affected the tax treatment of employer-provided long-term insurance plans to counter perceived abuse by taxpayers
In the Draft Taxation Laws Amendment Bill, 2011 (the Draft Bill), released for public comment on 2 June 2011, a number of amendments were proposed in the context of long-term insurance policies taken out by Employers for the benefit of their employees and so called key-man insurance policies
