TaxCorporate TaxUK and Norway in taxation row

UK and Norway in taxation row

A row over the taxation of oil pipelines has erupted between the UK and Norway that is threatening the construction of a link to a giant gasfield.

Link: US oil firms face scrutiny over accounts

The argument is over the choice between Norwegian and British schemes for building the link which would supply a fifth of Britain’s fuel requirements. If the Norwegian plan is accepted, the UK could lose out on millions of pounds of tax.

UK energy minister Brian Wilson and his Norwegian counterpart will meet in Scotland next week to agree on the terms of a treaty concerning the pipeline’s taxation.

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