Sunday, April 14, 2024
HomeTop NewsLuxembourg, Switzerland, Ireland: Synonymous with the rich when small

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

Published on

spot_img
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  Burger King's new Whopper arrives from cows that fart much less and it truly is for a larger cause

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.

Latest articles

Top 7 Casino Etiquette Rules Rabona Casino Members Must Follow

Probably many newbies will be surprised, but in a casino, like in a theater...

Innovation in tennis brings opportunities and challenges

The sport of tennis has changed drastically over the last few decades, with the...

5 Ways To Bet Responsibly in Ireland

From the thrill of soaring through the sky while skydiving to the adrenaline rush...

Ireland Must Appoint Carsley Despite Given’s Comments

Stephen Kenny's reign as Ireland manager came to an abrupt end after they failed...

More like this

Top 7 Casino Etiquette Rules Rabona Casino Members Must Follow

Probably many newbies will be surprised, but in a casino, like in a theater...

Innovation in tennis brings opportunities and challenges

The sport of tennis has changed drastically over the last few decades, with the...

5 Ways To Bet Responsibly in Ireland

From the thrill of soaring through the sky while skydiving to the adrenaline rush...