If NORWAY has enough cash-on-hand and in future Royalties to make every single citizen a Millionaire were they?
WRONG to "steal" all that money from the Oil Companies...because everyone knows..."Taxes are Stealing".....because they read it here.....
- PythagorasLv 76 years agoFavorite Answer
This does not seem to be a tax. This seems to be negotiation.
Assuming that your information is accurate, it seems like the Norwegians, through their government, negotiated an agreement for the oil companies to drill for oil. In exchange they get some sort of fiscal compensation. The Alaskans have a similar arrangeement.
So it this case, I would not say it is wrong. It is the cost of doing business, and the oil companies did not have to agree to it.
- electricpoleLv 76 years ago
At $9.04 / gal (USD), they are going to need some of that fat cash to fuel their autos and heat their homes. They need that revenue, it's not like the manufacture anything there, similar to the Middle Eastern OPEC countires.
They are doing so well at their profit making that Statoil is outsourcing 239 jobs this week with a goal of 1000 by 2020. Those profits come from somewhere.
- aliLv 66 years ago
No, taxes is not necessary stealing. It is like you have to pay rent. What is stealing is if the taxes you pay is used as a means of wealth redistribution.
- Cm punkLv 66 years ago
lol as if their government is willing to just up and cut a check for one million a piece to each citizen. Fat chance.
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- LizzyLv 66 years ago
Then why don't they give it to them,let them cash in and leave?
- The DoctorLv 66 years ago
if its paper cash they hord and worship like God ,then it will not likely last long enough to see real gold...dr
- Anonymous6 years ago
it is investments....for future downturns.....I know liberals would have their hands out saying gimme, gimme
- StephenGLv 76 years ago
it is not stealing