18 min listen
Is Ireland Really the World's Richest Country?
Is Ireland Really the World's Richest Country?
ratings:
Length:
24 minutes
Released:
Oct 13, 2023
Format:
Podcast episode
Description
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/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvCPatreon Page: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://buymeacoffee.com/patrickboyleVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle YouTube Channel Support the show
Released:
Oct 13, 2023
Format:
Podcast episode
Titles in the series (100)
Day Traders To Billionaires - Online Trading in the 1990's by Patrick Boyle On Finance