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Call to harmonise tax rules for venture capital in the Nordics

Tax regulation of venture capital varies widely between Nordic countries. A new report commissioned by The Nordic Council calls for common tax rules to help attract venture capital to the region.

Five Nordic prime ministers assembled in Norway. From left Stefan Löfven (Sweden), Katrín Jakobsdottir (Iceland), Lars Løkke Rasmussen (Denmark), Juha Sipilä (Finland) and Erna Solberg (Norway) | Photo: Heiko Junge/Ritzau Scanpix

A new report commissioned by the Nordic Council -- a joint political body of 87 members of parliament from five Nordic countries -- contains a list of 16 recommendations on how the countries could attract more venture capital. The key word is cross border harmonisation between Denmark, Norway, Sweden, Finland and Iceland.

Idar Kreutzer, director of the financial industry organisation Finans Norge, was tasked by the Oslo-assembled Nordic Council with writing the report.

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