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Norway's proposed tax changes: a win-win for industry and government?
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Report summary
Proposed changes to Norway's upstream tax system would improve tax neutrality of new projects and create a stable fiscal system for future upstream investment. Overall, both oil and gas companies and the state would benefit from the proposed changes, underlining Norway’s commitment to its oil and gas industry. But positive changes come at a time of increasing pressure on governments, and stakeholders, to cut production of fossil fuels.
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