01.09.2016 - Norwegian Government Pension Fund Global: Fund urged to help foster tax transparency
As a small country in charge of a not-so-small sovereign wealth fund, it is hardly surprising that the NOK7.1trn (€762bn) Government Pension Fund Global’s (GPFG) power for good or bad causes some level of anxiety in Norway. The latest worries have resulted in a calm but potentially far-reaching political move. At the beginning of June, the Storting, Norway’s parliament, passed a proposal from the cross-party finance committee to ask the fund’s manager, Norges Bank Investment Management, to consider drafting an expectation document on the subject of tax for the companies in which the fund invests...............................................Full Article: Source
Print