Oil Fund targets tax dodgers in portfolio

Norway’s enormous sovereign wealth fund known as the Oil Fund is once again flexing its financial muscle around the world, pouncing this time on companies like Nike and Apple. It dislikes how such multi-nationals in which it invests have been avoiding taxes in countries where they do business, even when the practice is legal. Oslo […]

Norway shows up in ‘Paradise Papers’

Norway’s Oil Fund, its biggest bank and around 1,000 wealthy citizens are all showing up in documents leaked from a law firm specializing in tax havens, and from 19 registers of companies in places known as havens of secrecy. It’s not illegal to stash funds in tax havens, but the documents dubbed as the “Paradise […]