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October 7, 2026

Norway: Largest income tax cut in two decades — FrontPages.eu, October 07, 2026

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Wednesday, October 07, 2026

✂️ Taxes

The Norwegian government has unveiled its 2027 state budget proposal, featuring the largest income tax cut in two decades, amounting to 6.4 billion kroner. As part of the budget, there are also plans to reduce electric car taxes and implement a 1.2 billion kroner cut in general car taxes, while climate taxes are set to increase. The proposal has garnered analysis ranging from a professor deeming oil fund usage responsible to investors expressing skepticism about its economic impact. In other domestic news, the Finance Union has issued a warning regarding DNB bank's planned AI-driven job cuts, affecting around 400 positions. The national train strike continues to cause disruptions, with nearly 200 departures expected to be affected on Friday. The government has also decided against a price cut for monthly public transport passes, potentially leading to increased fares. Police are actively searching a forest area with drones for a missing person, Rikke Tofland Karlsen. Meanwhile, a report details wage increases in Norway, and ten former ministers have publicly criticized the government.

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The Norwegian government, with Finance Minister Jens Stoltenberg, has unveiled its 2027 state budget proposal, featuring the largest income tax cut in two decades, totaling 6.4 billion kroner. The budget also includes a surprising reduction in electric car taxes and a 1.2 billion kroner cut in general car taxes. Conversely, climate taxes are set to increase to 45 øre per kilowatt-hour. The proposal has drawn mixed reactions…

Aftenposten: Stoltenberg to Cut Your Income Tax

The government plans to reduce income tax for individuals as part of the 2027 state budget proposal.

VG: Government Budget: El-car Tax Surprise

Leaked information suggests the government is increasing climate taxes while reducing taxes on electric cars, a move described as surprising.

E24: Income Tax Cut: Largest in 20 Years

The government is proposing an income tax cut of 6.4 billion kroner, the largest in two decades.

NRK: Government cuts car taxes by 1.2 billion

NRK reports that the government is reducing car taxes by 1.2 billion Norwegian kroner as part of the state budget.

Dagbladet: About new interest rate shock: - Does not dampen the risk

An analysis suggests that a new interest rate shock will not reduce economic risks.

Nettavisen: Government increases climate tax

The government is increasing the climate tax, which is considered good news for mortgage borrowers.

VG: Budget: Largest Tax Cut in 20 Years

The government proposes tax cuts totaling 6.4 billion kroner, reported as the largest in two decades.

E24: Government Increases Climate Tax

Norway's government is increasing climate taxes to 45 øre per kilowatt-hour starting in 2027, a move experts suggest will still be beneficial in southern Norway but could cost more than initially estimated.

E24: Oystein Stray Spetalen Doubts State Budget, Sissener Unoptimistic

Investor Oystein Stray Spetalen expresses skepticism about the upcoming state budget and mentions not knowing of rich individuals who have returned from Switzerland, with Jan Petter Sissener sharing a similar lack of optimism.

Aftenposten: Professor on Government's Oil Fund Proposal: - Looks Very Responsible

A professor analyzes the government's proposal for oil fund usage in the 2027 state budget, deeming it responsible.

Aftenposten: Price Cut on Monthly Pass Dropped. Public Transport May Get More Expensive.

The government has decided not to implement a price cut for monthly public transport passes, potentially leading to increased fares.

The Finance Union, Finansforbundet, has issued a warning regarding DNB bank's planned AI-driven job cuts, which are set to affect approximately 400 positions. The union is questioning the orderly execution of this downsizing.

E24: Finansforbundet Warns Against DNB's AI-Driven Cuts

The Finance Union warns about DNB bank's planned AI-driven job cuts affecting around 400 positions and questions the orderly execution of this downsizing.

The ongoing national train strike is expected to affect nearly 200 train departures on Friday, continuing to disrupt public transport services.

Aftenposten: Almost 200 Train Departures Affected by Strike on Friday

A strike is expected to impact nearly 200 train departures on Friday.

Police are actively searching a forest area near her residence for the missing Rikke Tofland Karlsen, utilizing drones in their efforts.

VG: Rikke Tofland Karlsen Missing: Police Search with Drones

Police are using drones to search a forest area for the missing Rikke Tofland Karlsen near her residence.

A report indicates the extent of wage increases in Norway, noting that the country's price increase stands at 12.5 percent.

Nettavisen: So much wages are increasing

The article reports on the extent to which wages are increasing in Norway, with Norway's price increase at 12.5 percent.

Ten former ministers have publicly criticized the government regarding recent events.

VG: Ten Former Ministers Speak Out Against Government

Ten former ministers have publicly criticized the government.

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