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Norwegian Government Proposes New and Increased Resource Rent Taxes

|Proposed Changes|Norway
Norway

The Norwegian government announced a series of proposals on 28 September 2022 to better distribute profits from natural resources through the introduction of a resource rent tax on aquaculture and wind power, an increase in the resource rent tax on hydropower, and an extraordinary tax on wind and hydropower due to high electricity prices. The proposals are summarized as follows:

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These a…

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