Wednesday, 19 September 2012

Norway to spend NOK 100 million to research taxes

The Norwegian Ministry of Finance announces,
[Finance Minister] Johnsen opened two new tax centers - Oslo Fiscal Studies at the University of Oslo and the Norwegian Center for Taxation at NHH in Bergen today.

- An efficient tax system is a prerequisite for a welfare state like ours. The two new centers represent a significant strengthening of the tax financial discipline in Norway, and I expect that they will give us important knowledge that the Ministry can use in further development of the tax, said Johnsen as he marked the opening at the Norwegian School of Economics in Bergen, Norway.
According to NRK TV, the Norwegian state broadcaster, the budget "over a few years" is NOK 100 million (USD 17.5 million).

Two outcomes are reasonably certain from this NOK 100 million exercise: 1) the overall tax burden in Norway will go up and 2) the Ministry of Finance will not cut its own operating costs to offset the project costs (isn't this partly what they get paid for, to figure out new cunning ways to increase taxes?).

See more here on the Norwegian government spending spree.


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