Violin sale led to big tax bill

It was no surprise that Norwegian performing artists like Kygo, Alan Walker and members of the legendary band a-ha would show up on the latest tax lists with substantial fortunes. The biggest fortune of them all, however, was held by 81-year-old violinist Arve Tellefsen. “I sold my violin for 80 million kroner,” Tellefsen explained to […]

Tax lists released, but can mislead

Norwegian authorities made the country’s tax lists publicly available and searchable once again on Wednesday. The lists reveal taxable income and net worth for everyone obligated to file tax returns in Norway, and show how much tax each individual actually paid for calendar year 2017, but the figures don’t necessarily reflect actual wealth or annual […]

Norway cut losses in tax evasion scam

Investors and banks reportedly have managed for years to avoid paying tax on dividends in several European countries including Norway. The alleged swindle could have cost Norwegian taxpayers alone as much as NOK 350 million. An investigation conducted by cooperating European media revealed on Thursday that the alleged swindle may have cost several European countries’ […]

Widerøe threatens route cancellations

The Norwegian airline serving small airports around the country claims that a new airline passenger tax can result in major cuts in service to outlying areas. It’s threatening that routes in Finnmark and along the West Coast can be especially affected. The government’s recently proposed state budget includes new methods of calculating the tax that’s […]

State budget’s everyday effects

Details of the government’s state budget proposal this week will have an effect on the everyday lives of most Norwegians if they win majority support in Parliament. Here’s a rundown of some of the highlights: There won’t be any increase in Norway’s 25 percent VAT (called moms in Norwegian) but there will be some slight […]

Road toll plazas vandalized

Three of the new toll plazas set to open around the Stavanger area on Monday were out of order, following severe vandalism during the weekend. Opposition to new and much higher tolls from October 1 has been strong, and police reported a “systematic and organized” pattern to the vandalism that came just a day before […]

Power speculator’s losses cost others

Einar Aas, a media-shy man from the southern coastal town of Grimstad, ranked as having Norway’s highest income last year. He also paid more tax than any other person in Norway, but now he faces personal bankruptcy after losing badly on his investments in the power market. Newspapers Dagens Næringsliv (DN) and Fædrelandsvennen in Kristiansand […]

Road toll tensions high in Stavanger

Tensions are so high over much higher road tolls in the Stavanger area that local authorities feel compelled to call in police, to provide protection at public meetings. More noisy protests were being held this week. Demonstrators turned their backs on an appeal from one local mayor, while the mayor of Stavanger claims the protests […]

Flat 25% tax urged for foreign workers

Among the changes in the conservative coalition government’s revised state budget proposal on Tuesday is a simplification of income tax rules for foreign workers. A host of other proposals may be felt by Norwegians as well. Finance Minister Siv Jensen and her government colleagues think current income tax rules for foreigners working in Norway for […]

Tax revenue boom ‘signals optimism’

Finance Minister Siv Jensen has reason to smile after a long and difficult winter: New figures show a boom in unexpected tax revenue rolling into the state treasury, much of it tied to Norway’s economic recovery from the oil price collapse. “This is another signal of optimism and brighter times,” Jensen told Norwegian Broadcasting (NRK) […]