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Norwegian corporate tax rate to fall to 23%

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Norwegian corporate tax rate to fall to 23%

Norway's corporate income tax rate will fall to 23% from 27%by 2018 while financial services companies will face a new tax in 2017, Reutersreported May 4, citing agreements among Norwegian lawmakers.

The tax on financial companies will reportedly encompassvalue-added services being provides, the lawmakers added without providingfurther information.