Ireland Is Launching a Sovereign Wealth Fund
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
Even tax havens can generate enough taxes to support a sovereign wealth fund. At least, when they're havens for the world's biggest companies.
On Tuesday, Ireland -- home of some of the lowest corporate tax rates in the West and, ergo, the tax home of some of the world's largest tech and pharma players -- said it's leveraging its corporate tax revenue to create a sovereign wealth fund.
Source Fool.com