Australia’s Swan Says No on Proposed Commodity Sovereign Wealth Fund
23. Aug, 2011
Wayne Swan
In recent news, Australian Treasurer Wayne Swan views that in the country’s current situation there is no need for a commodity-based sovereign wealth fund.
There are proponents in Australia that want a commodity-based sovereign fund. They feel that Australia is in a mining boom and a mining tax would discourage excess investment from occurring so quickly. Mining tax revenues could fill the coffers of the proposed sovereign investment entity to invest overseas.
Available Today
