Re: Sovereign Wealth Funds and Taxes
by Anonymous
Well, I have to say to that Hill official it is not "his money". The oil states have their national wealth under the ground.But since its price is volatile and it brings no earnings they prefer to transform it into liquidity and put to work. i.e. they SELL it for dollars. I wonder where "our money" is here, once the transaction is made? It's like buying a bread and then saying "you have my money" to the baker... I heard exactly the same argument last month on a Crans Montana Forum in Monaco. There was this head of kuwaiti economic society. She was furious about the phrase(and rightly so). The speaker then corrected his wording, to his honour. thank you for the article.
Post comment:
Format Type: 
  Convert newlines
  Receive comment notifications for this article
Subject: 
   
insert bold tags insert italic tags insert underline tags insert strikethough tags insert link insert blockquote tags
Comment: 
Comment verification:

Please enter the text you see inside the graphic to post your comment:
You are not currently logged in. If you would like your user information to be displayed with your comment, please enter your login information below.
Login information:
Username: 
Password: 
If you would like to post contact information on your comment, please enter your information into the optional fields below:
Contact information:
Name: 
URL:  example: http://yourdomain.com
Email: 
Please note: email will not be displayed on the site, only for the blog owner. If logged in, URL will only be used.