Local government finance and the Glencore IPO
Overman, H. G.
(2011).
Local government finance and the Glencore IPO.
(2011).
Local government finance and the Glencore IPO.
The FT reports that the Glencore IPO has resulted in an unexpected 'bonanaza' for the small Swiss village that is home to a number of Glencore executives. The payouts to these executives, as a result of the IPO, have been sufficiently large that residents have been able to vote to reduce the local income tax rate.