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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 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 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 .
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.
OSLO (Reuters) -The Palestinian Authority has received 407 million shekels ($114 million) from Israel with more funds on the way soon following a deal to release frozen tax funds, the Norwegian ...
Systems that tax income from outside the system's jurisdiction tend to provide for a unilateral credit or offset for taxes paid to other jurisdictions. Such other jurisdiction taxes are generally referred to within the system as "foreign" taxes. Tax treaties often require this credit. A credit for foreign taxes is subject to manipulation by ...
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