Towards consensus on tax reform in Parliament – OBI Online

OR withdrew from negotiations on a tax settlement, but the other parties in the Finance Committee continued talks. After fierce accusations from Labor last week on duplicity from coalition parties aside, there is now a draft agreement.

After the NTB experience has Ap prevailed with its proposal that the rate of corporation tax in the longer term will be lowered to 23 percent and not 22 percent as the government originally proposed. In return, changes to capital tax, perhaps the most controversial point in the negotiations.

It is envisaged that the Agreement shall be in the parliamentary groups before being presented to the public, which can happen on Wednesday.

New model

As announced last week it agreed a discount on the valuation of shares and assets of 20 percent. Wealth tax will therefore only be calculated from 80 percent of the value of what is often referred to as working capital.

The aim of this measure is to prevent the Norwegian owners pay for the tax rebate given to foreign owners of Norwegian industry. These pay corporation tax, but not wealth, while Norwegian owners must pay both.

Last week set a personal understanding between the governing parties and cooperation parties Christian Democrats and the Liberals guy on the run in tax proceedings in Parliament. The four parties signed a joint note on further reduction of wealth tax on working capital, which in Labor circles was described as a “double game” from the coalition parties page.