Petter Stordalen wins tax dispute with Norwegian Tax Agency

The background is that the Norwegian Tax Agency believes that Stordalen's company was not entitled to a deduction in connection with a settlement made in 2015. The authority believes that the payment of 80 million kronor was a repayment of illegal dividends and that the amount is taxable.

The Norwegian Court of Appeal, however, allowed the tax deduction for the payment in connection with the settlement. The court's three judges disagreed.

The Norwegian Tax Agency must pay the legal costs of around 1.5 million kronor, but can appeal the decision to the Supreme Court of Norway.