Norway 's sovereign wealth fund , the largest in the world , has relied on companies it invests in to step up tax cuts whilst restricting executive pay . Last year , the $ 915bn fund was ordered to increase its efforts to combat tax havens by Norwegian lawmakers . National Bank Investment fund ( NBIM ) , which is responsible for generating profits from the country ’s offshore oil and gas sectors , stated that taxes should be paid in the countries where value is generated and that country - by - country tax reporting was central to transparency . NBIM also called for long - term incentive plans in pay deals to be discontinued .
Norway's sovereign wealth fund, the largest in the world, has called on companies it invests in to step up tax transparency whilst restricting executive pay. Last year, the $915bn fund was ordered to increase its efforts to combat tax havens by Norwegian lawmakers. Norges Bank Investment Management (NBIM), which is responsible for investing profits from the country’s offshore oil and gas sectors, stated that taxes should be paid in the countries where value is generated and that country-by-country tax reporting was central to transparency. NBIM also called for long-term incentive plans in pay deals to be discontinued.