On 7 October 2015, The Norwegian government presented the 2016 Budget tax proposals to parliament, which includes measures to shift the tax burden from taxes on corporate and individual income to taxes on consumption and property, as well as measures to counter profit shifting. The main proposed measures include:
- Reducing the corporate tax rate from 27% to 25% in 2016, with a further planned reduction to 22% in 2018;
- Reducing the ordinary individual income tax rate from 27% to 25%, and repla…