Taxation In Norway
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Taxation In Norway
Taxation in Norway is levied by the central government, the county municipality () and the municipality (). In 2012 the total tax revenue was 42.2% of the gross domestic product (GDP). Many direct and indirect taxes exist. The most important taxes – in terms of revenue – are VAT, income tax in the petroleum sector, employers' social security contributions and tax on "ordinary income" for persons. Most direct taxes are collected by the Norwegian Tax Administration () and most indirect taxes are collected by the Norwegian Customs and Excise Authorities (). The Norwegian word for tax is , which originates from the Old Norse word . An indirect tax is often referred to as an . Taxation in the Constitution According to the Norwegian Constitution, the Storting is to be the final authority in matters concerning the finances of the State - expenditures as well as revenues. This follows from Article 75a of the Norwegian Constitution: ::It devolves upon the Storting ... to imp ...
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Government Of Norway
The politics of Norway take place in the framework of a parliamentary system, parliamentary, representative democracy, representative democratic constitutional monarchy. Executive power is exercised by the Council of State (Norway), Council of State, the List of Norwegian governments, cabinet, led by the prime minister of Norway. Legislative power is vested in both the government and the legislature, the Storting, elected within a multi-party system. The Judiciary of Norway, judiciary is Judicial independence, independent of the executive branch and the legislature. Reporters Without Borders ranked Norway 1st in the world in the 2019 Press Freedom Index. Freedom House's 2020 Freedom in the World report classified Norway as "free," scoring maximum points in the categories of "political rights" and "civil liberties". Constitutional development The Constitution of Norway, Norwegian constitution, signed by the Eidsvoll assembly on 17 May 1814, transformed Norway from being an absolu ...
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Sweden
Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, Finland to the east, and is connected to Denmark in the southwest by Øresund Bridge, a bridgetunnel across the Öresund. At , Sweden is the largest Nordic country, the third-largest country in the European Union, and the List of European countries by area, fifth-largest country in Europe. The Capital city, capital and largest city is Stockholm. Sweden has a total population of 10.5 million, and a low population density of , with around 87% of Swedes residing in urban areas in the central and southern half of the country. Sweden has a nature dominated by forests and a large amount of lakes, including List of largest lakes of Europ ...
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Average Tax Rates On Wage Income In Norway 2010
In ordinary language, an average is a single number taken as representative of a list of numbers, usually the sum of the numbers divided by how many numbers are in the list (the arithmetic mean). For example, the average of the numbers 2, 3, 4, 7, and 9 (summing to 25) is 5. Depending on the context, an average might be another statistic such as the median, or mode. For example, the average personal income is often given as the median—the number below which are 50% of personal incomes and above which are 50% of personal incomes—because the mean would be higher by including personal incomes from a few billionaires. For this reason, it is recommended to avoid using the word "average" when discussing measures of central tendency. General properties If all numbers in a list are the same number, then their average is also equal to this number. This property is shared by each of the many types of average. Another universal property is monotonicity: if two lists of numbers ''A'' ...
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Finnmark
Finnmark (; se, Finnmárku ; fkv, Finmarku; fi, Ruija ; russian: Финнмарк) was a county in the northern part of Norway, and it is scheduled to become a county again in 2024. On 1 January 2020, Finnmark was merged with the neighbouring county of Troms to form the new Troms og Finnmark county. On 1 January 2024, the county will be demerged back to the counties Finnmark and Troms, after a decision made by parliament on 15 June 2022. By land, it bordered Troms county to the west, Finland ( Lapland region) to the south, and Russia (Murmansk Oblast) to the east, and by water, the Norwegian Sea (Atlantic Ocean) to the northwest, and the Barents Sea (Arctic Ocean) to the north and northeast. The county was formerly known as ''Finmarkens amt'' or ''Vardøhus amt''. Starting in 2002, it had two official names: Finnmark (Norwegian) and Finnmárku (Northern Sami). It was part of the Sápmi region, which spans four countries, as well as the Barents Region, and is the largest an ...
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Troms
Troms (; se, Romsa; fkv, Tromssa; fi, Tromssa) is a former county in northern Norway. On 1 January 2020 it was merged with the neighboring Finnmark county to create the new Troms og Finnmark county. This merger is expected to be reversed by the government resulting from the 2021 Norwegian parliamentary election. It bordered Finnmark county to the northeast and Nordland county in the southwest. Norrbotten Län in Sweden is located to the south and further southeast is a shorter border with Lapland Province in Finland. To the west is the Norwegian Sea (Atlantic Ocean). The entire county, which was established in 1866, was located north of the Arctic Circle. The Troms County Municipality was the governing body for the county, elected by the people of Troms, while the Troms county governor was a representative of the King and Government of Norway. The county had a population of 161,771 in 2014. General information Name Until 1919, the county was formerly known as '' Tromsà ...
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Dual Income Tax
The dual income tax system levies a proportional tax rate on all net income (capital, wage and pension income minus deductions) combined with progressive tax rates on gross labour and pension income. This implies that labour income is taxed at higher rates than capital income, and that the value of the tax allowances is independent of the income level. The dual income tax system deliberately moves away from the comprehensive income tax (global income tax) system which taxes all or most (cash) income minus deductions (net income) according to the same rate schedule. The dual income tax was first implemented in the four Nordic countries (Denmark, Finland, Norway and Sweden) through a number of tax reforms from 1987 to 1993. The dual income tax is therefore also known as the ''Nordic tax system'' or the ''Nordic Dual Income Tax''. History The dual income tax was first proposed by the Danish economist Niels Christian Nielsen in 1980. He suggested that the comprehensive income tax shou ...
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Nordic Countries
The Nordic countries (also known as the Nordics or ''Norden''; lit. 'the North') are a geographical and cultural region in Northern Europe and the North Atlantic. It includes the sovereign states of Denmark, Finland, Iceland, Norway and Sweden; the autonomous territories of the Faroe Islands and Greenland; and the autonomous region of Ã…land. The Nordic countries have much in common in their way of life, history, religion and social structure. They have a long history of political unions and other close relations but do not form a singular entity today. The Scandinavist movement sought to unite Denmark, Norway and Sweden into one country in the 19th century. With the dissolution of the union between Norway and Sweden (Norwegian independence), the independence of Finland in the early 20th century and the 1944 Icelandic constitutional referendum, this movement expanded into the modern organised Nordic cooperation. Since 1962, this cooperation has been based on the Helsi ...
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Marginal Tax Rate On Wage Income In Norway 2010
Marginal may refer to: * ''Marginal'' (album), the third album of the Belgian rock band Dead Man Ray, released in 2001 * ''Marginal'' (manga) * '' El Marginal'', Argentine TV series * Marginal seat or marginal constituency or marginal, in politics See also Economics * Marginalism *Marginal analysis *Marginal concepts * Marginal cost * Marginal demand *Marginal product *Marginal product of labor *Marginal propensity to consume *Marginal rate of substitution * Marginal use * Marginal utility *Marginal rate Other * Margin (other) * Marginalization * Marginal intra-industry trade, where the change in a country's exports are essentially of the same products as its change in imports * Marginal land, land that is of little value because of its unsuitability for growing crops and other uses * Marginal model, in hierarchical linear modeling * Marginal observables, in physics; see Renormalization group * Marginal person, in sociology; see Marginalization * Marginal plant, se ...
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Norwegian Economy
The economy of Norway is a highly developed mixed economy with state-ownership in strategic areas. Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the industrial era. The country has a very high standard of living compared with other European countries, and a strongly integrated welfare system. Norway's modern manufacturing and welfare system rely on a financial reserve produced by exploitation of natural resources, particularly North Sea oil. History Pre-industrial revolution Norway was the poorest of the three Scandinavian kingdoms (Denmark and Sweden) during the Viking Age. Prior to the industrial revolution, Norway's economy was largely based on agriculture, timber, and fishing. Norwegians typically lived under conditions of considerable scarcity, though famine was rare. Except for certain fertile areas in Hedemarken and Østfold, crops were limited to hardy grains, such as oats, rye, and barley; and livest ...
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Welfare State
A welfare state is a form of government in which the state (or a well-established network of social institutions) protects and promotes the economic and social well-being of its citizens, based upon the principles of equal opportunity, equitable distribution of wealth, and public responsibility for citizens unable to avail themselves of the minimal provisions for a good life. There is substantial variability in the form and trajectory of the welfare state across countries and regions. All welfare states entail some degree of private-public partnerships wherein the administration and delivery of at least some welfare programmes occurs through private entities. Welfare state services are also provided at varying territorial levels of government. Early features of the welfare state, such as public pensions and social insurance, developed from the 1880s onwards in industrializing Western countries. World War I, the Great Depression, and World War II have been characterized as im ...
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Austria
Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous city and state. A landlocked country, Austria is bordered by Germany to the northwest, the Czech Republic to the north, Slovakia to the northeast, Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west. The country occupies an area of and has a population of 9 million. Austria emerged from the remnants of the Eastern and Hungarian March at the end of the first millennium. Originally a margraviate of Bavaria, it developed into a duchy of the Holy Roman Empire in 1156 and was later made an archduchy in 1453. In the 16th century, Vienna began serving as the empire's administrative capital and Austria thus became the heartland of the Habsburg monarchy. After the dissolution of the H ...
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Finland
Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland across Estonia to the south. Finland covers an area of with a population of 5.6 million. Helsinki is the capital and largest city, forming a larger metropolitan area with the neighbouring cities of Espoo, Kauniainen, and Vantaa. The vast majority of the population are ethnic Finns. Finnish, alongside Swedish, are the official languages. Swedish is the native language of 5.2% of the population. Finland's climate varies from humid continental in the south to the boreal in the north. The land cover is primarily a boreal forest biome, with more than 180,000 recorded lakes. Finland was first inhabited around 9000 BC after the Last Glacial Period. The Stone Age introduced several differ ...
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