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Why would the wealth fund need PR..?


In Canada CRA’s (our IRS) pension plan uses offshore accounts and other avoidance strategies to not pay Canadian taxes. It’s not a good look.

Obviously this is a different issue but it’s important for govts to be consistent. It’s like during WW2 when the Royal family obeyed rationing.


Why does the CRA pension plan even have taxes on it in the first place? It's like taxing a government agency for it's budget that it receives it's tax dollars for.


Because of the rule of law, essentially the same reason govt employees pay tax


Let me reiterate, why is the law set up like that?


I had no idea this was the case. Can you provide a reference?


I can’t find it anymore. I gave it a good 5 searches it seems to all be tax related articles on tax shelters. I think maybe it’s because of how google deprioritizes old content now.

It was from around 2014-2015 if I recall correctly.


If the people of your country perceive the wealth fund as "evil" they tend to revolt, so they need PR to keep the people happy.


How would the people of Norway revolt against their own country's sovereign wealth fund? Norway is a very small country with (I seem to remember) the largest wealth fund in the world due to investments of revenue from the oil industry. I highly doubt people there are going to perceive it as evil based on whether or not it's taking a particular stance on Apple's vesting plan.

They do have a tradition of taking stances on corporate governance as a matter of principle and this looks like that.


Norwegian here, can confirm. We do not see the wealth fund as an evil thing :)

The fund has a policy of being an active investor to improve worker rights, prevent unethical practices and has a ban on investing in certain areas like weapons, oil and gas (due to diversification issues), tobacco etc.

Edit: Just a note, the funds operation is completely transparent and you can follow the actions and read about strategy, what time frames they are looking at when investing (very long) and more on their web page [1].

[1] https://www.nbim.no/en/


Drawing a bit of a long bow to consider a trillion dollar fund voting in its own shareholder interests anything other than financially driven.




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