Wednesday, November 20, 2019

Tax haven policy could cost Norfund ‘hundreds of millions’

The aid-financed risk capital fund Norfund says pulling out of tax havens may cause the agency to lose investments amounting to several hundreds of millions of crowns.

Norfund warns that the Norwegian Foreign Ministry’s ban on new investments in tax havens outside the OECD will cause problems for several new investments currently being planned.

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