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> Taxes are the same here in Norway as is in Australia Is that true? Norway has a 78% tax on profits from the oil companies.
by marvin 8y ago
> Taxes are the same here in Norway as is in Australia
Is that true? Norway has a 78% tax on profits from the oil companies.
- Tor3 8y agoI'm guessing that was about personal income taxes, which may or may not be ~similar - I haven't checked.
- marvin 8y agoOkay. Comparisons of personal income tax in Norway usually come out very misleading, since personal income tax only accounts for around half of a person's total tax burden. (For instance, there's a 14% employment tax, 25% VAT, car taxes that increase vehicle purchase cost by 100% and fuel cost by 200%, toll roads that are impossible to avoid during daily errands, 0.85% annual net worth tax, 31% capital gains tax, property taxes and municipal taxes, and that's without getting into extra taxes for luxury products or how corporate profits are taxed).