cross-border portfolio investments by means of collective investment institutions. Possible tax distortions specific to the … composition towards portfolio investment, with much of the capital under management by mutual funds or "collective investment … institutions" resident in OECD countries, as well as in offshore tax-free environments. These developments motivate countries to …

long-term investment, as the Asian crisis of the late 1990s has proven. This book, the result of a joint project between … able to use policy to direct capital inflows into investment and thereby reduce the risk of instability in the financial …-oriented environment conducive to more sound external investment. The lessons of this book are as applicable in other regions of the world …

This study is part of a series of Tax Policy Studies produced by the Fiscal Affairs Division of the OECD. It examines … the case of life insurance, OECD countries have pursued a variety of methods to try to tax the income arising in insurance …