On 7 October 2015, The Norwegian government presented the 2016 Budget tax proposals to parliament, which includes measures to shift the tax burden from taxes on corporate and individual income to taxes on consumption and property, as well as measures to counter profit shifting. The main proposed measures include:
A consultation will also be launched on a proposal for implementing country-by-country reporting requirements.
The measures must be approved by parliament, and are intended to apply from 1 January 2016.
Click the following link for the 2016 Budget Press Release, which includes links for additional information.
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