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Tax lessons for governments from Henry George

The 19th-century political economist understood that the whole of society should benefit from outsized profits.

By Minister of Finance Trygve Slagsvold Vedum Op-ed in Financial Times

General tax conventions between Norway and other states

General tax conventions for the avoidance of double taxation and the prevention of fiscal evasion,and other international agreements regarding tax matters.

Treaty withholding tax rates on dividends from Norway

Country Ordinary rates Parent/ subsidiary Parent/subsidiary rate requirements Without tax treaty 25 25 Albania 15 5 25% capital participation Argentina 15 10 25% capital participation Azerbaijan 15 10 30% capital participation and investment of at

Amendments to the lending regulation

The Ministry of Finance has adopted amendments to the Norwegian bank lending regulation. The amendments will take effect on 31 December 2024.

Norway to continue as guest country in G20

On Tuesday, 3 December, South Africa announced that Norway will continue to participate as a G20 guest country under the South African G20 Presidency. Norway had status as a guest country in 2024 under the Brazilian presidency.

Identification of systemically important institutions

The Ministry of Finance has today decided that DNB Bank ASA, Kommunalbanken AS, Nordea Eiendomskreditt AS and Sparebank 1 Sør-Norge ASA still shall be identified as systemically important institutions in Norway, as recommended by the Norwegian FSA.

General tax conventions between Norway and other states

General tax conventions for the avoidance of double taxation and the prevention of fiscal evasion,and other international agreements regarding tax matters.

Henry George Lecture at St. Johns University: Norway’s Historical Experience with Taxing & Regulating the Exploitation of Its Natural Resources

Lecture held by Minister of Finance Trygve Slagsvold Vedum, at St. John University the 23 October 2024, New York, USA.

By Minister of Finance Trygve Slagsvold Vedum

Fund Performance

GPFN annual geometric average return. Measured in Norwegian kroner. Per cent Half year 2024 Last 5 years Last 10 years Since 2007 GPFN Portfolio 6.97 8.32 7.59 7.57 Benchmark index 6.50 7.40 6.63 6.58 Excess return (percentage points) 0.47 0.92 0.96

Fund Performance

GPFG annual geometric average return. Measured in the currency basket. Per cent Half year 2024 Last 5 years Last 10 years Last 20 years GPFG Portfolio 8.59 7.99 7.07 6.80 Benchmark index 8.62 7.57 6.83 6.59 Excess return (percentage points)1 -0.04

The National Budget 2025: A budget that provides security for the population and country, and develops the whole of Norway

Through the proposed National Budget for 2025, people will be financially better off, Norway’s preparedness against war and crime will be strengthened, and social and geographical differences will be reduced. Unemployment is still low, wages are

The National Budget 2025: Closing tax loopholes by amending the exit tax rules

In practice, the current exit tax rules function as a tax loophole. The Government wants to close this loophole and proposes, in the National Budget for 2025, to amend the exit tax rules to make them more effective and fairer.

Prop. 1 LS (2024–2025) - Taxes 2025 For the 2025 Budget Year

Chapter 1 and 2

Meld. St. 1 (2024–2025) - The National Budget 2025

Chapter 2.1 and 3.1

The National Budget 2025: Key Figures in the National Budget 2025

The Ministry of Finance publishes selected key figures at 8 am, prior to the publication of the budget, which includes more detailed projections, at 10 am.

Renegotiated Agreement on Value Added Tax Signed with the EU

On the 2nd of October, Norway's ambassador to the EU, Anders H. Eide, signed a renegotiated agreement with the EU on administrative cooperation in the field of VAT. The purpose is to combat international VAT fraud. The Director-General of the

Previous national budgets

2024 The Revised National Budget 2024 The National Budget 2024 2023 The Revised National Budget 2023 The National Budget 2023 2022 The Revised National Budget 2022 Amendment to the 2022 Fiscal Budget Proposal (no English documents) The National

Nordic Baltic Crisis Simulation Exercise 2024

To test the preparedness for a potential crisis situation, authorities from the Nordic-Baltic countries responsible for financial stability during this week conducted a financial crisis simulation exercise in the Nordic-Baltic region, involving

The IMF's Article IV consultation for 2024 has been completed

On 28 June, the IMF's delegation to Norway presented its yearly assessment of the Norwegian economy and Norwegian economic policy to the government. The full report has now been concluded by the IMF Executive Board.

Long-term Perspectives on the Norwegian Economy 2024: Future Norway Needs New Solutions and More People Working

The government has today presented the report on Long-term Perspectives on the Norwegian Economy 2024, which discusses the main challenges for the Norwegian economy towards 2060. In this report, the government has set a goal to increase the share of