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Norwegian Prime Minister Jens Stoltenberg, up for re-election in September, proposes a tax...

Norwegian Prime Minister Jens Stoltenberg, up for re-election in September, proposes a tax increase on oil companies and multinationals, a move the industry warns could undermine Norway’s reputation as a stable environment for oil company investments. Statoil (STO) complains the plan would reduce the attractiveness of future projects, particularly marginal fields. STO -1.8% premarket.
Comments (3)
  • Sure. Tax the company in which you are a major shareholder. Very smart.
    6 May 2013, 10:12 AM Reply Like
  • Pampering the parasites, pauperizing the producers. Governments never learn.
    6 May 2013, 10:59 AM Reply Like
  • According to some articles today this have very little impact on statoil however small and midsize utility/oil companies will suffer and might halt future investments.
    6 May 2013, 11:45 AM Reply Like
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