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Norwegian Think Tank Publishes Report On Tax Havens

by Ulrika Lomas, Tax-News.com, Brussels

23 June 2009

The Norwegian government Commission on Capital Flight from Poor Countries has published its report on tax havens and development.

The report recommended the following:

  • Considering whether Norwegian multinational companies should be required to submit more detailed annual statements,
  • Improving the rules for transfer pricing,
  • Establishing a Norwegian centre of expertise on tax evasion,
  • Developing networks with a view to increasing international pressure,
  • Changing tax agreements to ensure that it is a company’s real business that decides in which country it is subject to taxation,
  • Negotiating an international convention to combat the harmful structures in tax havens,
  • Supporting efforts to develop new international standards for sound taxation practices under the auspices of the Organization for Economic Co-operation and Development (OECD).

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