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Statoil (STO) reportedly is threatening to flag out its operations due to proposed changes in...

Statoil (STO) reportedly is threatening to flag out its operations due to proposed changes in Norway's tax rules that could leave it with a huge bill to the government. STO currently is able to claim tax relief on foreign exploration activities while Norway is denied tax revenue from overseas fields brought into production; STO says changes in the tax rules would put it at a competitive disadvantage.
Comments (3)
  • Sort of a similar line of reasoning has been taken by John Fredriksen with companies he founded.
    19 Nov 2012, 02:22 PM Reply Like
  • Spot-on sir.
    19 Nov 2012, 09:06 PM Reply Like
  • "All government is the enemy of the people".

     

    One day even the cradle of modern day liberal governance (Scandinavia) will understand what Ayn Rand and Taylor Caldwell were talking about.
    19 Nov 2012, 09:03 PM Reply Like
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