Royal Standard of Norway Royal Standard of Norway The Royal Standard of Norway () is used by the King of Norway. Of historical origin, it was introduced by Cabinet Decision of 15 November 1905, following the plebiscite confirming the election of Prince Carl of Denmark to the vacant throne after the dissolution of the union between Sweden and Norway. Under his chosen name of Haakon VII, the new king arrived in the capital Kristiania on 25 November 1905 on a ship flying the royal standard for the first time. The flag of the King is also used by the Queen. The flag was referred
Taxation in Norway to capital income (income shifting). In the 2006 tax reform, the income shifting problem was solved by reducing the top marginal tax rate on labour income and introducing a dividend and capital gains tax on return above the normal return of the capital invested (shareholder model). Company shareholders were exempt from dividend and capital gains tax (exemption method), whilst proprietorships and partnerships were taxed at similar principles as the shareholder model. Taxation in Norway Taxation in Norway is levied by the central government, the county municipality ("fylkeskommune") and the municipality ("kommune"). In 2012 the total tax revenue was 42.2% of