The Norwegian government has issued a release on a revised proposal for the introduction of a resource rent tax on onshore wind power from 2024 with an effective tax rate of 35%. The tax was originally proposed as part of the budget for 2023 with a rate of 40%. The key features of the revised proposal are summarized in the release as follows: --- Key features of the Government's proposal Structure of the resource rent tax: The tax is structured as a cash flow tax, with an immediate deduction of investment costs. The effective tax rate will be 35 per...