Tax Reform – Trouble for the K/S Market?

On 12 April the Norwegian Ministry of Finance will release a preliminary report on tax reform. From there it will be taken up by Parliament and the government hopes that it will be passed through in time to go into effect on 1 January 1992. While the Ministry of Finance is optimistic about the benefits of the changes it is evident that the threat of sweeping change to the tax system has combined with already weak investor confidence to hold the K/S market stagnant through the first quarter of 1991. In fact some investors have confided that they believe the reform package could be the final blow that drives the smaller individual investors from the market. A look at the performance of the equity markets around the world confirms the weakness. In New York shipping stocks have advanced more than 23% since January 1, in Singapore they have moved up 44%, while the Oslo stocks have moved up approximately 20%.

While specific details of the tax reform package have not been released, Marine Money has identified a number of the changes being considered.

This is only an excerpt of Tax Reform – Trouble for the K/S Market?

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