EFTA Court

delivers advisory opinion on Norwegian tax rules on maximum credit allowance for tax paid in another EEA state

On 7 May 2008, the European Free Trade Association (EFTA) Court delivered its judgment in the case of Seabrokers AS v. Staten v/Skattedirektoratet (E-7/07). The questions referred to the Court related to whether the domestic rules on the calculation of maximum credit allowances for foreign tax paid in another EEA State are contrary to Art. 4 of the EEA Agreement on the pro…