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The tax level in Norway has fluctuated between 40 and 45% of GDP since the 1970s. [6] The relatively high tax level is a result of the large Norwegian welfare state. Most of the tax revenue is spent on public services such as health services, the operation of hospitals, education and transportation. [7]
The primary purpose of the Norwegian tax system has been to raise revenue for public expenditures; but it is also viewed as a means to achieve social objectives, such as redistribution of income, reduction in alcohol and tobacco consumption, and as a disincentive against certain behaviors.
The Norwegian Tax Administration (Norwegian: Skatteetaten) is a government agency responsible for resident registration (National Population Register) and tax collection in Norway. The agency is subordinate to the Ministry of Finance and is based at Helsfyr in Oslo .
The dual income tax was first proposed by the Danish economist Niels Christian Nielsen in 1980. He suggested that the comprehensive income tax should be replaced by a system involving a flat rate of tax on capital income - at the level of the corporate income tax rate - combined with progressive taxation of the taxpayer's total income from other sources.
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
Oslo — Almost 96% of new cars registered in Norway in January were electric, an unparalleled proportion in the world and close to the country's goal of selling only zero-emission vehicles as of ...
Flags of the Nordic countries, from left to right: Finland, Iceland, Norway, Sweden, and Denmark. The Nordic model has been characterized as follows: [15] An elaborate social safety net, in addition to public services such as free education and universal healthcare [15] in a largely tax-funded system.
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