Top publication by Guttorm Schjelderup
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
New article by Juranek
The article "Royalty taxation under tax competition and profit shifting" has been published in Canadian Journal of Economics.
Gavrilova promoted to full professor
Evelina Gavrilova-Zoutman has been promoted to professor in the field of tax and public economics, and economics of crime.
New article by Mardan
The article "The unintended consequences of semi-autonomous revenue agencies" has been published in Canadian Journal of Economics.
Piketty attracted a record-breaking audience
`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.
Lower tax for business owners now than under Stoltenberg
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.
Nordic Tax Delegates Annual Meeting
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.
Piketty to speak on inequality at NHH
Thomas Piketty gives «The Sandmo Lecture on Public Policy» on Friday 9 June at NHH Norwegian School of Economics.
Something is wrong in the Debate
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?
Total tax on companies and owners is too high in Norway
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.
Competition on equal terms
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?
Løken receives the Nansen award for young researchers
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.
DON’T SOW DOUBT ABOUT THE TAX LOOPHOLE BEING CLOSED – THEN THE EXODUS MIGHT SLOW DOWN
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.
Guest Lecture from Magnus Andresen
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”.
How to get funding from the Research Council of Norway
In 2022, Alexander Willén received NOK 8 million in funding through the Researcher Project for Young Talents. Read his tips about the application process.
NORWAY, A POOR COUNTRY?
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.
The Tax Commission protects the super rich
Petter Bjerksund and Guttorm Schjelderup: It creates a dynasty effect where wealth accumulates among the few.
Unsubtle about tax
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.
`Will limit the reporting of aggressive tax planning´
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.
Actions from behavioral economics reduce tax evasion
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.
Discussed tax transparency initiatives
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.
Sæthre receives an ERC Starting Grants
Associate Professor Morten Sæthre has been awarded an ERC Starting Grant for his project «Distributional Effects of Environmental Policy: DEEP».
Additional tax is power, not a partnership
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.
Taxfair – a project funded by the European Commission
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.
The fee should be scrapped
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.
Now it seems that the fox has gotten into the hen house
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.
Lead article by Olden and Møen
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.
Now it is hydropower's turn to receive a tax package
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.
Top publication by Maximilian Todtenhaupt
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.
Skattlegging av digitale tjenester
Master thesis by Marcus Andersen Holte and Sander Sivertsvoll.
«Essays on Behavioural Economics and Tax Compliance»
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.
Visit from the Tax commission of Høyre
The Tax commission of Høyre, the Norwegian Conservative Party, visited NHH on 20 May.
New article by Todtenhaupt
The article "Taxation and the external wealth of nations: Evidence from bilateral portfolio holdings" has been published in Journal of International Money and Finance.
Investor's dividend decision and the wealth tax
By Petter Bjerksund and Guttorm Schjelderup has been published in Samfunnsøkonomen.
Research project by Casi, Mardan & Muddasani
Research project by Casi, Mardan & Muddasani funded by the United Nations University World Institute for Development Economics Research.
Van Reenen gives the 2022 Sandmo Lecture
LSE-professor John Van Reenen gives The Sandmo Lecture On Public Policy on Friday 29 April. Title of his lecture: "Inequality and Superstar Firms"
New article by Traini
The article "Aggressive Tax Planning and Labor Investments" has been published in Journal of Accounting, Auditing & Finance.
Mohammed Mardan new NHH PROFESSOR
Mohammed Mardan has been promoted to professor in the field of Business Economics.
The Oil Fund and active management: Follow the Tinbergen Rule!
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.
New article by Todtenhaupt
The article "Thinking outside the box: The cross-border effect of tax cuts on R&D" has been published in Journal of Public Economics.
Are central banks really independent?
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.
Is the housing market «too big to fail»?
Øyvind Thomassen: If house prices ever fall considerably that will lead to an economic decline. Will the government save highly leveraged homeowners?
Wealth tax is no gift to foreign investors
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.
Printing money alters the fundamental idea of capitalism
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.
The miracle drug public procurement
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.
Top publication by Møen and Schjelderup
The article "The tax-efficient use of debt in multinational corporations" has been published in Journal of Corporate Finance.
Only start-up problems? Or overdose of wonder drug?
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?
Investor asset valuation under a wealth tax and a capital income tax
By Petter Bjerksund and Guttorm Schjelderup is published in International Tax and Public Finance.
Is the Norwegian shareholder taxation neutral?
By Petter Bjerksund and Guttorm Schjelderup has been published in Samfunnsøkonomen.
The participation exemption and the shareholder model: two trolls?
By Petter Bjerksund and Guttorm Schjelderup has been published in Samfunnsøkonomen.
Tax exempt income from capital gains outside the EEA
By Petter Bjerksund and Guttorm Schjelderup is forthcoming in Samfunnsøkonomen.
Cross-border effects of R&D tax incentives
By Bodo Knoll, Nadine Riedel, Thomas Schwab, Maximilian Todtenhaupt and Johannes Voget was published in Research Policy.
What drives the devil’s machine?
Master thesis by Jon Blekastad and Dan Larsen.
What is so special with the capitalists money?
Øyvind Thomassen: Investment in new business activity may just as well be made with employment income as with a company's profit.
There is no lack of capital
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 promoted to Associate Professor
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.
Dual Citizenship and the Directive on Administrative Cooperation (DAC6) of the European Union
Master Thesis by Rohit Reddy Muddasani.
What is wrong with the Conservative Party?
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.
The financial markets always have to be saved
Øyvind Thomassen: It is always the rich people, those with the biggest possessions of shares and property, who are saved by the central banks.
Wealth tax? Yes, but not for most people
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.
How to make Norway’s oil fund last forever
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.
What does wealth tax really mean to jobs?
Petter Bjerksund and Guttorm Schjelderup: Research does not support the statement that wealth tax makes Norwegian investors less willing to own firms.
Top publication by Maximilian Todtenhaupt
The article "Cross-border effects of R&D tax incentives" has been published in Research Policy.
Tax planning in the central bank's blind spot
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.
Willén promoted to full professor at NHH
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.
Loophole in new scheme for employee options
Petter Bjerksund: If the employee it to be treated like a founder, the new tax proposal for employee options should be supplemented.
TAXGLOBAL
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
Elisa Casi recently joined the Department of Business and Management Science as an Assistant Professor.
Isabel Montero Hovdahl
Isabel Montero Hovdahl recently joined the Department of Business and Management Science as an Assistant Professor.
David Murphy
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
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
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
Towards a tax on actual returns by Aart Gerritsen and Floris T. Zoutman is forthcoming in Tax by Design for the Netherlands.
A thesis at NoCeT disproves the claim that tax havens have good governance
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.
Watch experts discussing financial secrecy
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.
Join a conference on financial secrecy
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?
Top publication by Maximilian Todtenhaupt
The article "International taxation and productivity effects of M&As" has been published in Journal of International Economics.
Research dissemination award to Tina Søreide
The winner of NHH’s Research Dissemination Award 2020 is professor Tina Søreide.
Norad webinar on illegal capital flight
Head of NoCeT, Guttorm Schjelderup, was among the speakers in a big Norad webinar on illegal capital flight.
What will the Labour Party do about the dividend tax?
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?
More jobs with less wealth tax?
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?
How could the Nobel Prize be awarded for something as weird as auction theory?
Malin Arve and Eirik Gaard Kristiansen: Perhaps everybody has not considered that they actually have taken part in an auction.
Supporters of wealth tax should moderate their enthusiasm
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.
Top publication by Maximilian Todtenhaupt
The article "Capital gains taxation and funding for start-ups" has been published in Journal of Financial Economics.
New article by Todtenhaupt
The article "Taxing away M&A: Capital gains taxation and acquisition activity" has been published in European Economic Review.
Top publication by Mohammed Mardan
The article "Multi‐part tariffs and differentiated commodity taxation" has been published in RAND Journal of Economics.
Norwegian anti-corona measures reduce hospitalizations drastically
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.
Zoutman and Gavrilova-Zoutman awarded for best paper
Associate Professors at the Department of Business and Management Science, Floris Zoutman and Evelina Gavrilova-Zoutman, awarded for article on legalizing medical marijuana.
Tax havens and double taxation as fig leaves
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?
New article by Mardan
The article "Tax competition between developed, emerging, and developing countries – Same same but different?" has been published in Journal of Development Economics.
Almost in haven, but only almost
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.
One-sided crisis packages may have negative consequences
Not many could have foreseen that a virus would bring the global economy to its knees in 2020, writes Professor Ola H Grytten.
Wrong medicine for corona
Loans are no use when customers disappear, writes NHH Professor Victor D Norman.
Too much exemption with the tax-exemption method
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.
New article by Hopland
The article "Pushing the Wrong Buttons: VAT Evasion by Misclassification of Meal Consumption Type" has been published in European Accounting Review.