Luxembourg, Switzerland, Ireland: Synonymous with the rich when small

Luxembourg, Switzerland, Ireland: Synonymous with the rich when small
But what is the reason for this gigantic wealth which is certainly not proportional to the number of inhabitants and the geographical extent of the territories of these states?

On the one hand, as can be seen from the analysis of TrueNumbers, this wealth is due to the great influence exerted on this jurisdiction. Economic sector; The sector that drives the global economy. Luxembourg, Switzerland and Ireland, in fact, restructured their economies over time, transforming their headquarters into financial service centers hosted by the scattering of mines and steel mills from industrialized countries (especially Luxembourg and Ireland). Major multinational companies in the world.

However, it is clear that it is working for the benefit of their wealth, which has allowed these states to surpass even the oil nations in the Persian Gulf. Fiscal policy adopted. These countries are considered by public opinion and some international organizations as real tax havens to encourage companies to change their profits and implement a tax competition strategy. CD promotes. Run to the phenomenon below.

Their monetary policy, which aims to guarantee a limited tax on the income of companies and individuals, along with their strategic geographical location, has invited these neighboring states to hold with other leading economies (UK and Germany) and holding multinationals around the world. High Asset Individuals (HNWIs) including shell companies to create their headquarters or center of vital interests within this jurisdiction.

Luxembourg, in particular, is surprisingly rich in disproportionate wealth, despite the fact that it has a population not exceeding the size of a medium-sized large Italian city.

See also  Rugby. Star of the Clover XV Who is Irishman Josh van der Flier who has been voted player of the year?

Located in the heart of Europe, at the crossroads between France, Germany and Belgium, Grand Duchy is considered a European safe deposit box for many companies and businesses: Luxembourg has the largest investment in the world, with assets of over ട്ര 4.5 trillion. .

AndItaly, What is its position on the list of richest states in the world?
Italy per capita GDP $ 31,604 It is ranked 27th.

Written By
More from Scout Mitchell
Senate approves closing sanctions bill to punish China around Hong Kong
The Hong Kong Autonomy Act would impose sanctions on companies and people...
Read More
Leave a comment

Your email address will not be published. Required fields are marked *