The Legal 500

What should you tell your tax advisor? Or, more importantly, how much of what you tell your advisor may be subject to disclosure without your consent? Recent decisions by the European Court of Justice and the English Court of Appeal have significant implications for tax advisors and their clients.Wikborg Rein Newsletter: When it comes to tax advice, what is confidential?

The Ministry of Finance has proposed that the value of waterfall rights should not be deductible in the special tax base for resource rent tax on production of hydroelectric power. The Ministry refers to this as a “clarification”, but based on case law from the tax authorities, the proposal will de facto deny deductibility for many hydro power plants.

Effective as of 1 January 2007 the Norwegian tonnage tax regime was amended. The new tonnage tax regime was approved by the European Surveillance Authority (ESA) on 3 December 2008

Companies doing business in Norway may be subject to a number of direct and indirect taxes. A major tax reform in 2005 has made tax planning and restructuring even more important than before.