A Norwegian tax commission has recently submitted its report to the Minister of Finance including several proposal for changes to the country's tax system. The main proposals include:
- Reducing the corporate tax rate from 27% to 20%
- Limiting the deduction of all interest costs to 45% of earnings before interest and tax
- Increasing share dividends and capital gains taxation
- Introducing withholding tax on interest and royalties, and repealing the withholding tax on dividends
- Introducing VAT for …