Norway's Ministry of Finance has announced proposed tax measures to support mutual (investment) funds. This includes two main measures:
- Providing a tax exemption on fund interest income to avoid double taxation under the current rules, which tax interest income and the level of the fund and at the level of unit holders; and
- Extending the tax exemption on non-EEA investments to include an exemption on dividends from companies based outside the EEA and financial instruments with shares as the…