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Norwegian Petroleum Directorate: The Norwegian Petroleum Tax System

The Norwegian Petroleum Tax System:

Norwegian Petroleum Directorate - The Norwegian Petroleum Tax System: An overview of the calculation of the tax base:

Operating income

  • Operating expenses
    • Linear depreciation for investments (6 years)
    • Exploration costs
    • Royalty, CO2 tax, area fee
    • Net financial costs  (limited by the thin capitalisation rule; 20 % equity)
    • Losses from previous years

= Corporation tax base  (tax rate: 28 %)

  • Uplift   (7,5 % of investment for 4 years)
    • Excess uplift from previous years

= Special tax base  (tax rate: 50 %)

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