You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe


State Treasurer could face massive tax bill

A bungled consolidation of his life insurance policies could result in state Treasurer Steven Grossman having a tax obligation in excess of half a million dollars, according to a letter he sent to the State Ethics Commission in May.

Grossman, a Democratic candidate for governor, wrote that in 2009, before he was elected treasurer, the life insurance policies he held were aggregated into one policy through a tax-free exchange.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week