Chile: Collective investment vehicles
01 July 2012
Portfolio investors prefer to pool their funds with other investors
in a collective investment vehicle, rather than investing directly by
themselves, because of the economic benefit that this kind of investment
provides. Moreover, it has become more common for small investors to
participate in world-wide funds. As a consequence, it turns out to be
important to have certainty regarding the tax burden involved,
considering that one of the primary purposes of a tax treaty is to
reduce tax barriers on cross-border trade.
The question is how tax treaties deal with different tax systems and
at the same time provide neutrality between a direct investment and one
performed through a collective investment vehicle, with the purpose...
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