▲ | MandieD 3 days ago | |
A well-governed, democratic petro-state that has been very, very careful to keep much of anyone there from getting too high on their own supply: unlike just about any other petro-state, the state's cut of petroleum revenues do not go straight out - it all goes into a permanent fund (Government Pension Fund of Norway), with a maximum of 3% being allowed to go towards current spending. Norway's domestic fuel taxes are actually higher than their neighbors, and Norwegians still have to pay VAT and income tax like the rest of Europe... though they still haven't joined the EU (but their EEA membership means that they agreed to conform to a lot of EU laws and standards) |