Mutual Assistance Agreement

Contract agreement between two or more countries empowering fiscal governments to take preference over the civil rights of the citizens of these countries, in collecting crime-related proceedings or tax liabilities.

Mutual Fund

A mutual fund (unit trust in the UK) – an investment fund divided into units (equivalent to shares) which are not traded as such but which can be bought from and sold back to the fund manager. Usually incorporated in a tax haven and issuing shares to the public. The value of the fund NAV (net asset value) per unit is calculated frequently. Many countries have favourable tax regimes for mutual funds, to encourage saving.

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