Quote:
Originally Posted by Krovikan
Wow, 78% tax, compared to the 30-50% we tax our O&G companies, no wonder their fund is 1 trillion.
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Yep. It's pretty easy to tax the hell out of a state owned oil company. So not only are they taxed like a donkey, but they also pay a dividend to their shareholders. Who are:
"As of 2017, the Government of Norway is the largest shareholder with 67% of the shares, while the rest is public stock. The ownership interest is managed by the Norwegian Ministry of Petroleum and Energy."
I'm not a huge fan of state owned companies, but Norway seems to have figured it out.