On 12 October 2017, the Norwegian government presented the National Budget 2018. The main tax-related measures include: Reducing the corporate tax rate from 24% to 23%, while maintaining the 25% rate for the financial sector; Increasing the special petroleum income tax from 54% to 55%, while reducing the rate of uplift (investment-based extra depreciation) from 5.4% to 5.3%; Increasing the tax on resource rent from 34.3% to 35.7%; Increasing the reduced value added tax rate from 10% to 12%, which applies to passenger transport, hotel accommodation, admission to cinemas, sporting events, amusement parks, and museums, and certain other supplies; and...