Evaluation of Tax Reform

– I am pleased that the report shows that tax reform had positive distributional effects. Cutbacks in the form of higher taxes on dividends and gains have far greater impact on income distribution than the easing of the highest marginal tax rates on labor income, "said Finance Minister Sigbjørn Johnson.

The evaluation of the shareholder model shows that the new equity is an important source of funding for newly established companies, because they have limited access to retained earnings and debt. The risk-could improve the supply of new equity capital for newly established companies. The evaluation of the administrative costs shows that tax reform and the introduction of the shareholder register has been limited administrative consequences for companies, individual taxpayers and tax authorities.

The government will submit a statement to Parliament on the evaluation of tax reform in the spring of 2011. The message will also discuss any proposed changes in tax regulations.

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