Thu, Apr 17, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Mozambican Tributary Authority calls for creation of SWF with capital gains revenues

Posted on 05 September 2013

The Mozambican Tributary Authority (AT) has proposed a Sovereign fund or a Macroeconomic Stabilisation Fund be set up using revenues from capital gains taxes charged on the sale of Mozambican assets by foreign companies, Mozambican newspaper O País reported.
In a statement published in Maputo, the AT said that good international practices recommend that revenues from capital gains taxes be used to set up one of these funds or to be channelled into an investment bank in order to feed the domestic economy rather than funding public expenditure, as has so far been the case………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 13908 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930