Send us a Text Message.
Oil rich countries have long used sovereign-wealth funds to store their windfall profits from periods of high prices for future years when hard times might arise.
Ireland on Tuesday created its own sovereign wealth fund thanks to outsize tax revenues from international companies seeking to lower their tax bills.
In the past eight years, the country of five million people has watched its corporate tax income triple to the tune of 22.6 billion euros last year, equivalent to almost $24 billion—giving it a budget surplus last year of a comfortable €8 billion euros.
According to GDP per capita statistics, Ireland is the wealthiest country in the world. Could this be true?
Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
Buy Me a Coffee: https://buymeacoffee.com/patrickboyle
Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
Patrick Boyle YouTube Channel
Support the Show.
How WallStreetBets Really Started - Trolls of Wall Street - With Nathaniel Popper
Was Endless Shrimp to Blame for Red Lobster's Bankruptcy?
Japan Spent 60 Billion Dollars Defending The Yen!
Shell's Fake Carbon Credit Scandal Explained!
Won't Somebody Please Think of The Traders??
The Handbag Wars! - Has The FTC Lost Control?
Is Britain Falling Behind?
Neom - The Line - The Rise and Fall of Saudi Arabia's Linear City.
What Happened to Electric Vehicle Sales?
What the End of Japan’s Negative Interest Rates Means
Bankruptcies Rising Around The World
Elon Musk Vs. OpenAI - The Lawsuit
The Office Real Estate Crunch!
Is AI Actually Useful?
Are Exports the Only Source of Growth?
Adam Neumann Buying Back WeWork?
Elon Musk Pay Deal Voided - Should Tesla Reincorporate in Texas?
Risk & Return - The Jesse Livermore Story
Startups Are Shutting Down!
Are You In The One Percent?
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast