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ARE THERE ANY TAX ADVANTAGES FOR INVESTING IN COLLECTIVE INVESTMENT SCHEMES?

April 26, 2017advantages collective Investing Investment Schemes tax

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ARE THERE ANY TAX ADVANTAGES FOR INVESTING IN COLLECTIVE INVESTMENT SCHEMES?

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Under current tax laws, Collective Investment Schemes do not pay taxes on their incomes. Again, investors in these schemes do not pay taxes on incomes received from these schemes. These tax incentives have been designed to encourage the pooling of investors’ resources together for investments to develop the economy.