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A comment on Norway Is Walking Away from Billions of Barrels of Oil. Parent comment

Re:Norway Is Walking Away from Billions of Barrels of Oil by marvin on Monday April 08, 2019 @01:42PM (#19607334)
> 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.

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Re:Norway Is Walking Away from Billions of Barrels of Oil by Tor3 on Tuesday April 09, 2019 @04:53AM (#19612882)
I'm guessing that was about personal income taxes, which may or may not be ~similar - I haven't checked.
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Re:Norway Is Walking Away from Billions of Barrels of Oil by marvin on Thursday April 11, 2019 @03:41PM (#19638362)
Okay. 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).

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