Tax verdict delights Norway's owners

摘要

A decision handed down from Norway's Supreme Court that the government's retroactive tax on shipping is unconstitutional has delighted finance chiefs and CEOs desperately trying to balance the books amid what was considered draconian regulation.rn"It's a tremendous relief," Odfjell CEO Jan Hammer told Fairplay. The court's decision means Bergen-based Odfjell can expect an extremely welcome $27M cash refund, with $83M worth of tax being waived.