Majority supports aid to oil industry

A new survey shows that not only a majority of politicians support controversial tax relief and financial aid to Norway’s oil and offshore industry. Fully 60 percent of Norwegians questioned do as well, even as a similar number want the state to provide more support for climate measures. The survey, conducted by research firm Opinion […]

Oil companies win some tax relief

The leaders of Norway’s three largest opposition parties in Parliament finally struck a compromise with the government on Monday that offers some tax relief to oil companies on the Norwegian continental shelf, but not as much as they wanted. The goal is to preserve jobs, even as the country works to reduce its economic dependence […]

‘From Corona crisis to a new jobs crisis’

Prime Minister Erna Solberg is clearly proud of how Norwegians have withstood the Corona crisis, but now she worries that a new crisis looms. Not all of Norway’s pre-Corona jobs will still be there as the country reopens for business, she warned during the weekend, and economists agree that unemployment looms as the country’s next […]

Government drops ‘salmon tax’ plan

Profitable salmon producers and other fish-farming operations won’t have to share more of their wealth with other Norwegians after all. A proposal to raise billions in new taxes tied to their use of waters in Norwegian fjords was dropped from the government’s revised state budget, and replaced witih a much less-taxing alternative. Debate had been […]

Oil firms set to win disputed tax relief

The Norwegian government’s revised state budget includes tax relief measures that some fear will unduly stimulate the oil industry. Finance Minister Jan Tore Sanner is most keen, however, to preserve jobs and ease the current pain and uncertainty of low oil prices, while some Members of Parliament want to do even more to aid oil […]

Government gives in to oil tax relief

UPDATED: After weeks of debate, and concern from its own finance ministry, the Norwegian government has decided to change the rules regarding how oil companies can write off their investments. The tax relief is aimed at promoting ongoing offshore investment, to preserve and create jobs, but it’s temporary and has some strict rules. Instead of […]

Market slides amid oil price drama

The last day of trading prior to Norway’s five-day Easter holidays ended with the Oslo Stock Exchange’s main index falling 1.34 percent, to 734.38. The Norwegian market once again was influenced by an oil price drama that wasn’t resolved by closing time, and also involved controversial calls for tax breaks from the country’s biggest and […]

Tax filing deadline nears

Hundreds of thousands of Norwegians are likely to spend at least some of the Easter holidays preparing their tax returns. Fully 2.8 million are in line for refunds likely to total nearly NOK 34 billion. Norway’s highly automated and simplified tax system means that the vast majority of employees can just glance over all the […]

Electric cars now hit with parking fees

After enjoying literally a free ride for years, owners of electric cars started having to pay parking fees from March 1 in Oslo just like all others. They are, however, much lower than those for “fossil” cars. “Electric car sales hit steadily new heights in Oslo, and it should pay off to choose an elbil […]

Cruise captain accused of fraud, tax evasion

A Norwegian cruiseship captain has been indicted on charges of serious fraud and tax evasion, after collecting disability pay from Norway’s state pension fund over a period of eight years while also sailing from port to port as the captain on various cruiseships. Newspaper Dagens Næringsliv (DN) reported on Thursday that an international warrant was […]