The article "The global minimum tax raises more revenues than you think, or much less" has been published in Journal of International Economics.
Tax and Public Economics article archive
The article "Royalty taxation under tax competition and profit shifting" has been published in Canadian Journal of Economics.
Evelina Gavrilova-Zoutman has been promoted to professor in the field of tax and public economics, and economics of crime.
The article "The unintended consequences of semi-autonomous revenue agencies" has been published in Canadian Journal of Economics.
`Historically, we see a movement towards greater economic and political equality. I believe there is reason to be optimistic, said Thomas Piketty, giving this year's Sandmo Lecture at NHH.
Petter Bjerksund and Guttorm Schjelderup: The real tax rate is 20 percent of the company's profit this year for a typical investor with a large fortune in a wholly owned, unlisted company. It is lower than under the Stoltenberg government.
Once a year, the representative of the tax authorities from Denmark, Finland, Iceland, Norway and Sweden meet to discuss the latest on the taxation of dividend income. This year, they met in Stavanger on May 23, 2023 and for the first time they invited researchers for one day workshop around the topic of dividend tax arbitrage.
Thomas Piketty gives «The Sandmo Lecture on Public Policy» on Friday 9 June at NHH Norwegian School of Economics.
Petter Bjerksund and Guttorm Schjelderup: NRK's tax debate is based on meaningless assumptions: All returns in the "Tangens oil fund" go to the "household budget" and must therefore be tax-free. Is the tax really the problem, not the withdrawal?
Petter Bjerksund, Guttorm Schjelderup and Floris T. Zoutman: Total tax on owners and companies in Norway is 13.5 percentage points higher than in the countries with which we should compare ourselves. Norway is on the wrong track.
Øyvind Thomassen: Two companies, Flikk and Flakk, produce electric car chargers and must invest NOK one billion each. Flikk's owner lives in Switzerland, Flakk's owner in Norway. Does Flakk have a disadvantage that prevents profitable growth?
The Fridtjof Nansen award for young researchers 2023 goes to NHH Professor Katrine V. Løken. She receives the prestigious prize for her excellent research in economics.
The influx of rich Norwegians into Switzerland is increasing. New calculations clearly show that this is about exploiting a tax loophole to avoid paying the bill for deferred income tax.
On February 8, 2023 NHH and NoCeT had the pleasure to welcome Magnus Andresen as guest lecturer for the master courses “Taxes and Business Strategy” and “Personal Finance and Taxation”.
In 2022, Alexander Willén received NOK 8 million in funding through the Researcher Project for Young Talents. Read his tips about the application process.
For many of us, it would probably be a good idea to tighten our belts. But do we have to? And what about those who can’t tighten their belts any further? So asks Victor Norman in the newspaper Dagens Næringsliv.
Petter Bjerksund and Guttorm Schjelderup: It creates a dynasty effect where wealth accumulates among the few.
Ola Kvaløy, Jarle Møen and Ragnar Torvik: The Norwegian Tax Commission is proposing a reform that will make it more worthwhile to work, especially for those with fairly low wages or high wages.
Last week the EU Court Justice made a striking decision. The court says that a 2018 directive intended to mandate the collection and exchange of information about cross-border tax arrangements, violates the lawyer-client confidentiality.
Andreas Olden: If the Norwegian Tax Administration sends out a behavior oriented letter, we can almost count the impact in terms of the difference in kroner and øre that comes in as tax money after the letters.
Currently, tax transparency ranks high on governments’ agenda as being one of the key policy tools to reduce tax avoidance and evasion. This week NHH and SNF arranged a conference on tax transparency.
Associate Professor Morten Sæthre has been awarded an ERC Starting Grant for his project «Distributional Effects of Environmental Policy: DEEP».
Gunnar S. Eskeland: The oil tax package is the story of a state which, in miserable, nocturnal proceedings on additional taxes, cannot take care of itself, but gives away the people's money to special interests, apparently without getting anything in return.
European Commission’s Marie Skłodowska-Curie Action has funded the research project TAXFAIR that aims to provide a knowledge-based framework for governments and policymakers around the world to implement an effective system for the automatic exchange of information.
Petter Bjerksund and Guttorm Schjelderup: The high-price tax will give us less clean power in both the short and long term. It is a textbook example of how a tax should not be launched.
Petter Bjerksund and Guttorm Schjelderup: The fixed price scheme has now got a loophole which makes it most profitable for the power producers to offer fixed price agreements to the customers who need it the least.
The article "The triple difference estimator" has been published in the September issue of the Econometrics Journal, as the editor's choice of lead article. Editor’s choice-articles are published as open access.
Petter Bjerksund and Guttorm Schjelderup: The power producers' description of reality and arguments characterize the government's proposal for changes in power taxation. The proposal may have unintended effects that weaken competition and the power market itself.
The article "Withholding Taxes, Compliance Cost, and Foreign Portfolio Investment" has been published in Accounting Review.
EU Tax Observatory Annual Conference title “Tax Avoidance and Offshore Wealth: Policies for Tomorrow”
Assistant Professor, Elisa Casi-Eberhard, was among the speakers at the first high-level policy event organized by the EU Tax Observatory on June 13, 2022, in Brussels.
Master thesis by Marcus Andersen Holte and Sander Sivertsvoll.
On Friday 17 June 2022 Andreas Olden will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
The Tax commission of Høyre, the Norwegian Conservative Party, visited NHH on 20 May.
The article "Taxation and the external wealth of nations: Evidence from bilateral portfolio holdings" has been published in Journal of International Money and Finance.
By Petter Bjerksund and Guttorm Schjelderup has been published in Samfunnsøkonomen.
Research project by Casi, Mardan & Muddasani funded by the United Nations University World Institute for Development Economics Research.
LSE-professor John Van Reenen gives The Sandmo Lecture On Public Policy on Friday 29 April. Title of his lecture: "Inequality and Superstar Firms"
The article "Aggressive Tax Planning and Labor Investments" has been published in Journal of Accounting, Auditing & Finance.
Mohammed Mardan has been promoted to professor in the field of Business Economics.
Trond Døskeland: The Oil Fund's active return is positive, but it is small - NOK 170 billion since 1998, according to the analysis we have done for the Ministry of Finance.
The article "Thinking outside the box: The cross-border effect of tax cuts on R&D" has been published in Journal of Public Economics.
Øyvind Thomassen: The central banks are involved in a poker game where they have bluffed at least since the financial crisis. And they dare not do anything but raise in each round.
Øyvind Thomassen: If house prices ever fall considerably that will lead to an economic decline. Will the government save highly leveraged homeowners?
Øyvind Thomassen: Wealth tax is not significant when it comes to financing of new projects. The exception is small firms that have to finance investments with own funds.
Øyvind Thomassen: The extremely expansive monetary policy causes that income is mainly determined by how much you already have. The risk is that the support of the market economy disintegrates.
Malin Arve: Government procurement is now meant to promote environment, innovation and technological development. But sufficient budgets and high competence is necessary, otherwise we could end up with poor and more expensive procurement.
The article "The tax-efficient use of debt in multinational corporations" has been published in Journal of Corporate Finance.
Øyvind Thomassen: The US central bank has, since March last year, printed new dollar bills worth more than three Norwegian oil funds, money they have spent on buying securities. Has that blown up the capacity in the economy and created lasting, troublesome inflation?
By Petter Bjerksund and Guttorm Schjelderup is published in International Tax and Public Finance.
By Petter Bjerksund and Guttorm Schjelderup has been published in Samfunnsøkonomen.
By Petter Bjerksund and Guttorm Schjelderup has been published in Samfunnsøkonomen.
By Petter Bjerksund and Guttorm Schjelderup is forthcoming in Samfunnsøkonomen.
By Bodo Knoll, Nadine Riedel, Thomas Schwab, Maximilian Todtenhaupt and Johannes Voget was published in Research Policy.
Master thesis by Jon Blekastad and Dan Larsen.
Øyvind Thomassen: Investment in new business activity may just as well be made with employment income as with a company's profit.
Øyvind Thomassen: It is contractors with good ideas, good noses and power of implementation that are lacking, not the capitalists money.
The effect of non-pharmaceutical interventions on the demand for health care and on mortality: evidence from COVID-19 in Scandinavia
By Steffen Juranek and Floris T. Zoutman has been published in the Journal of Population Economics.
Labor Market Effects of COVID-19 in Sweden and its Neighbors: Evidence from Novel Administrative Data
By Steffen Juranek, Jörg Paetzold, Hannes Winner and Floris T. Zoutman is forthcoming in Kyklos.
Mohammed Mardan has been active as an Assistant Professor at NoCeT since 2018. He was promoted to associate professor this summer.
One Directive, Several Transpositions: A Cross-Country Evaluation of the National Implementation of DAC6?
By Elisa Casi, Xiao Chen, Mark D. Orlic and Christoph Spengel appeared in the World Tax Journal.
Master Thesis by Rohit Reddy Muddasani.
Øyvind Thomassen: The Conservative Party should be the natural choice for all of us who believe in a Norwegian version of capitalism. Instead it has become the party supporting big capitalists.
Øyvind Thomassen: It is always the rich people, those with the biggest possessions of shares and property, who are saved by the central banks.
Øyvind Thomassen: A new Norwegian Parliament, where the central point has shifted towards the centre and the left, has a unique opportunity to pass a progressive wealth tax that should have a far broader appeal among voters than the current wealth tax.
Knut K. Aase and Petter Bjerksund: The optimal spending rate from the fund is significantly less than the fund’s expected real rate of return. The optimal spending rate ensures that the fund will last “forever”, but spending the expected return (following the fiscal rule, "handlingsregelen") will deplete the fund with probability one.
Petter Bjerksund and Guttorm Schjelderup: Research does not support the statement that wealth tax makes Norwegian investors less willing to own firms.
The article "Cross-border effects of R&D tax incentives" has been published in Research Policy.
Guttorm Schjelderup and Kristine Sævold: Nicolai Tangen's way to organize his fortune and business may be read as a classic, aggressive, tax planning structure. It is stirring that The central bank of Norway does not see that this is a possible perspective.
Alexander L. P. Willén (32) at the Department of Economics has been promoted to full professor. He completed his Ph.D. only three years ago. `An extremely talented researcher´, Professor and Head of Economics Eirik G. Kristiansen says.
Petter Bjerksund: If the employee it to be treated like a founder, the new tax proposal for employee options should be supplemented.
TAXGLOBAL, a new project at the Norwegian Centre for Taxation, examines the cross-border effect of corporate taxation on economic activity using granular administrative data from Norway.
Elisa Casi recently joined the Department of Business and Management Science as an Assistant Professor.
Isabel Montero Hovdahl recently joined the Department of Business and Management Science as an Assistant Professor.
David Murphy recently arrived as a PhD Research Scholar in the Department of Business and Management Science.
Cross-border tax evasion after the common reporting standard: Game over? by Elisa Casi, Christoph Spengel and Barbara Stage has been published in the Journal of Public Economics.
Investor Dispute Settlement and Multinational Firm Behavior by Guttorm Schjelderup and Frank Stähler has been published in the Review of International Economics.
Towards a tax on actual returns by Aart Gerritsen and Floris T. Zoutman is forthcoming in Tax by Design for the Netherlands.
Dharmapala and Hines (2009) provide empirical evidence that good governance quality is associated with tax haven status. Vegard Flystveit and Håvard Øyna decided to test this prediction with new data.
Did you miss out on the NHH mini conference on financial secrecy 24 March? The conference was digital and you now can watch the video and listen to experts discussing if financial institutions are capable of detecting criminal activity, as required by the regulations.
Tax evasion, bribery and fraud can be part of apparently legitimate business. Are the financial institutions capable of detecting criminal activity, as required by the regulations?
The article "International taxation and productivity effects of M&As" has been published in Journal of International Economics.
The winner of NHH’s Research Dissemination Award 2020 is professor Tina Søreide.
Head of NoCeT, Guttorm Schjelderup, was among the speakers in a big Norad webinar on illegal capital flight.
Petter Bjerksund: Has the Labour Party thought that, once again, it should be profitable to convert earned income into capital income? Or does the party intend to increase the dividend tax by 2,3 percentage points?
Jarle Møen: Small firms are, in many cases, taxed more favourably than houses. Will even more favourable taxes on "working capital" really lead to more jobs?
Malin Arve and Eirik Gaard Kristiansen: Perhaps everybody has not considered that they actually have taken part in an auction.
Gunnar S. Eskeland: The wealth tax study currently debated actually shows that protection of "working" capital leads to more jobs, at least within small businesses. If big businesses should be protected, too, less wealth tax will be paid.
The article "Capital gains taxation and funding for start-ups" has been published in Journal of Financial Economics.
The article "Taxing away M&A: Capital gains taxation and acquisition activity" has been published in European Economic Review.
The article "Multi‐part tariffs and differentiated commodity taxation" has been published in RAND Journal of Economics.
The lockdown in Norway has been successful in reducing the pressure on the healthcare system. If Norway would have followed the more lenient Swedish response, the peak number of COVID19 hospitalizations would have been three times higher.
Associate Professors at the Department of Business and Management Science, Floris Zoutman and Evelina Gavrilova-Zoutman, awarded for article on legalizing medical marijuana.
Guttorm Schjelderup: An argument commonly used by the people behind letterbox companies registered in tax havens is that they operate from tax havens to avoid double taxation. Is that correct? And what is meant by double taxation?
The article "Tax competition between developed, emerging, and developing countries – Same same but different?" has been published in Journal of Development Economics.
Guttorm Schjelderup: Users of tax havens claim to do nothing wrong and that they want to avoid double taxation, but the legal users legitimate and support a system with great damaging effects.
Not many could have foreseen that a virus would bring the global economy to its knees in 2020, writes Professor Ola H Grytten.
Loans are no use when customers disappear, writes NHH Professor Victor D Norman.
Guttorm Schjelderup: In the public debate wealth tax is emphasised as the reason why the richest people emigrate, but the tax savings by avoiding capital gains taxation amounts to much more.
Are the financial institutions capable of detecting criminal activity, as required by the regulations?
UBS whistle blower Bradley C. Birkenfeld, Director of Group Compliance Mirella Elisa Os Wassiluk (DNB) and NHH Professor Guttorm Schjelderup are speaking at an NHH conference on financial secrecy in March.
The article "Pushing the Wrong Buttons: VAT Evasion by Misclassification of Meal Consumption Type" has been published in European Accounting Review.