Norway’s Wealth Fund Calls for End to Tax Avoidance Plans
The city center skyline stands illuminated at night, seen from the Ekeberg hill, in Oslo, Norway, on Wednesday, March 21, 2012. Norway is moving closer to a housing bubble as the central bank's strategy of cutting interest rates to weaken the krone spurs credit growth and bloats property values.
Photographer: Tomm W. Christiansen/BloombergThis article is for subscribers only.
Norway’s $915 billion sovereign wealth fund called for greater transparency on taxes and argued they should be paid where economic value is generated.
In a position paper, the world’s biggest sovereign wealth fund also said public country-by-country reporting is a core element of transparent corporate tax disclosure.