Monday, September 2, 2013

Norway Oil Riches Up for Grabs as Anti-Tax Group Set to Win

Bloomberg: Norway’s Sept. 9 election is set to open up a debate on how much of the nation’s oil wealth can be funneled straight into Scandinavia’s richest economy.

The Progress Party, poised to enter government for the first time since being founded in 1973, is campaigning on a platform to scrap Norway’s 4 percent spending limit on oil revenue. The rule, which was pushed through by Prime Minister Jens Stoltenberg’s Labor Party early last decade to prevent overheating, is backed by all other groups in parliament...

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