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

Australia SWF: Who benefits, not who owns, is what matters

Posted on 04 July 2011

Resources revenue should build a sovereign wealth fund. Some of the billions upon billions of taxation revenue generated each year, a sum that will be boosted should the proposed minerals resource tax become law as expected, should be channelled to a sovereign wealth fund.
It is here that Senator Brown has fallen in behind Malcolm Turnbull, the former - and perhaps future - opposition leader, who has been advocating the establishment of such a fund……………………………………….Full Article: Source

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