101.   The panel dodged two of the most politically sensitive elements of a flat tax, the fate of popular deductions and the treatment of investment income.

102.   The rest came from investment income.

103.   The services deficit was nearly offset by the repatriation of portfolio investment income.

104.   The Swiss company said it also expected lower investment income in the current economic downturn to cut back its profits.

105.   They also dismissed suggestions by Malone that using investment income might deplete the money needed to pay future public pensions.

106.   They are more apt to have investment income that will now be taxed at a lower rate.

107.   They have yet to agree how much of the investment income on this fund should be paid to shareholders.

108.   They said they expect increased investment income to offset declines in the U.K. general insurance underwriting performance due to increased claims and competition.

109.   They also noted that there is established precedent for using pension investment income.

110.   This is the investment income generated from premiums paid for whole-life insurance, which is retained within the policy.