Taxation in Norway - Taxation News & Information

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Non-Profits Receive Deadline Extension

Over 300 000 US charities are at risk of losing their tax exemption status, unless they make use of the Government’s new tax return filing deadline extension.

UK Consulting on Tax Issues

The UK Government is taking action to show national taxpayers and international investors that the country “is open for business”, by initiating an extensive round of public consultation of tax system legislation issues.

Tax Collection from Oil Exceed Industry Profit

The oil and gas industry is facing heavy criticism from the media, the public, and subsequently US Government politicians, under the assumption that the sector is under-taxed and action has to be taken to correct the situation. However, tax revenues arising from the sector in recent years have eclipsed the profits made by the entire oil extraction and exploration industry.

International Fight on Foreign Bribery Lagging

Countries representing an approximate 70 percent of world trade have been deemed as not having taken enough action to combat the occurrence of international bribery.

OECD Updates Several Tax Guidelines

In an effort to maintain a relevant and up-to-date set of instruments to facilitate international tax agreements and transactions, the Organization for Economic Cooperation and Development has published revised versions of its vital documents.

Apr 7, 20100

OECD and COE to Amend International Tax Treaty

Categories: International Tax Cooperation, Offshore Banking, Offshore Taxation, Taxation in Belgium, Taxation in France, Taxation in Iceland, Taxation in Italy, Taxation in Netherlands, Taxation in Norway, Taxation in Sweeden, Taxation in UK, Taxation in USA

An agreement has been reached by the Organization for Economic Cooperation and Development (OECD) and the Council of Europe to amend the Convention on Mutual Administrative Assistance in Tax Matters (CMAAT). On April 6th the OECD and Council of Europe released a media statement announcing that the CMAAT will be updated in order to bring it up to currently agreed upon standards of international tax transparency. The Convention, opened for signing in 1988, is an international framework which provides facilitation of multinational exchange ... Read More

Mar 19, 20100

International Tax Transparency Reviews Start

Categories: International Tax Cooperation, Taxation in Australia, Taxation in Canada, Taxation in Cayman Islands, Taxation in EU, Taxation in Germany, Taxation in India, Taxation in Ireland, Taxation in Monaco, Taxation in Norway

The international fight against cross-border tax evasion has taken a step forward with the initiation of a peer review group which aims to assess the progress made by nations in implementing internationally agreed standards of tax transparency. On March 18th the Organization for Economic Cooperation and Development (OECD) announced the initiation of the first step in the most extensive and through international tax transparency assesment process that has ever been undertaken. Eighteen nations from the 91 participating members of the Global Forum on ... Read More

Mar 9, 20100

New Economic Survey on Norway

Categories: Taxation in Norway

The Organization for Economic Co-operation and Development (OECD) has released the Economic Survey of Norway 2010, which assesses the current economic position of the nation and potential courses of action to follow through the remnants of the global recession. According to newly published report released March 8th, Norway had experienced a relatively mild contraction during the economic crisis. National unemployment is expected to peak at no more than 4 percent. The OECD projections claim that economic growth will remain strong in 2010 ... Read More