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Cake day: July 3rd, 2023

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  • Controlling the natural resources a country and leasing it out it private companies is pretty standard practice in most non corrupt countries. Norway probably differs in that they capture more of the economic rent in part due to a more efficient tax and a share of public ownership.






  • Yeah nope. You have to understand the reason deductions exists for income tax is that they allow you to deduct your costs from the revenue you take in and are only paying tax on the profit.

    Edit: I should add plenty of places that do have land taxes usually have a lot of exemptions like here, your primary residence is exempted as well as any land for primary production (land used for agriculture) but those exist for political reasons.