Norway to cut sin tax to spur spending: Tax cut to boost sales amid pandemic
Edited By WION Video Desk
Published: Sep 27, 2020, 01:37 IST | Updated: Sep 27, 2020, 01:37 IST
The Nordic country’s ruling party has proposed cutting its famously high “sin” taxes on alcohol, cigarettes and sweets and other consumer goods after the coronavirus lockdown showed how much business is lost every year to Norwegians flocking to neighbouring Sweden to snap up such items at cheaper prices.
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