The Norwegian government is targeting tax avoidance in international banking, the real estate sector, and remotely delivered services as part of its 2026 budget proposal presented Wednesday.
Financial institutions with operations abroad would only be able to deduct debt interest that is related to their taxable income in Norway. The measure follows a 2024 ruling of the Supreme Court of Norway in favor of DNB Bank ASA‘s interest deductions related to operations of a New York branch.
In the real estate sector, the government wants to ban tax-free mergers of a limited liability company into a housing ...
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