Business and industry

Systemically important credit institutions and investment firms

[News story, Ministry of Finance, 08.05.2013]

On 22 March 2013, the Ministry of Finance put forward a legislative proposal on new capital requirements for credit institutions and investment firms to implement expected new EEA rules corresponding to the EU CRR/CRD IV framework. According to the proposal, the Ministry may in a regulation determine criteria for assessing the systemic importance of credit institutions and investment firms, and establish special rules and special capital adequacy requirements for such institutions and firms.

Reduced uplift in the petroleum tax system

[Press release, Ministry of Finance, 05.05.2013]

Today the Government proposes to reduce the uplift in the petroleum tax system from 7.5 per cent to 5.5 per cent. The overall uplift is thereby reduced from 30 per cent to 22 per cent. The proposal will lead to more efficient use of resources and over time lead to increased tax revenues.

The Norwegian Government announces measures to stimulate the mainland economy

[Press release, Ministry of Finance, 05.05.2013]

The Norwegian Government proposes tax changes from 2014 to strengthen competitiveness and profitability, and stimulate investments in the mainland economy. The corporate tax rate will be lowered, the tax credit scheme for R&D will be increased and a special first year depreciation for machinery will be introduced. At the same time the Government proposes an interest deduction limitation for interest expenses paid to related parties.

A growth package for businesses

[Press release, The Office of the Prime Minister, 05.05.2013]

The Norwegian Government today announces a growth package for mainland businesses. At the same time the Government will improve the petroleum tax system. The proposals aim to reduce the uneven development of different sectors of the Norwegian economy. – The proposals will ease the pressure for industries facing international competition and secure jobs, says Prime Minister Jens Stoltenberg.

Agreement Norway - USA

[Article, Ministry of Finance, 29.04.2013]

Agreement Between the Government of the Kingdom of Norway and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA.

Raising the Bar for Responsible Business

Foreword to Human Rights Due Diligence in the Supply Chain, April 2013

[Speech/article, Ministry of Foreign Affairs, 24.04.2013]

- Businesses, to a far greater extent than before, are engaged in supply chain operations where there are human rights challenges, write Minister of Foreign Affairs, Mr. Espen Barth Eide, and Minister for Trade and Industry, Mr. Trond Giske, in their foreword to the guidelines Human Rights Due Diligence in the Supply Chain.

Agreement Norway - Botswana

[Article, Ministry of Finance, 23.04.2013]

Winning the war on illegal fishing in the Barents Sea

[Press release, Ministry of Fisheries and Coastal Affairs, 17.04.2013]

For the fourth year running, no illegal overfishing of cod and haddock has been detected in the Barents Sea.

Joint concern over Faroese quotas

[Press release, Ministry of Fisheries and Coastal Affairs, 27.03.2013]

Minister of Fisheries and Coastal Affairs Lisbeth Berg-Hansen and EU Commissioner for Maritime Affairs and Fisheries Maria Damanaki has issued a joint statement on the Faroe Islands unilateral quota for herring and mackerel.