24.11.2011 - Counsel corner: Tax/sovereign wealth fund
Sovereign wealth fund is a pool of money derived from a country’s reserves, which is set aside for investment purposes that will benefit the country ‘s economy and citizens . The funding for a sovereign wealth fund SWF comes from the central bank reserves that accumulate as a result of budget and trade surpluses , and even from revenue generation from export of natural resources. Today the sovereign wealth funds are avenue for nation that operate them to attract investment into their countries...............................................Full Article: Source
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