is a major employer in the area and is one of two major hospitals in Iceland.

Corporations pay a tax rate of 18% to the national government, which is one of the lowest in the world. No additional local corporate taxes are levied. Property tax, at 1.99%, accounts for most of the tax base. A local government deficit of ISK 1 billion (US$9 million) was anticipated in 2009, prompting a cut in salaries of the mayor, town councilors, and committee members by 10% and increases in local taxes and property taxes.

Culture

Akureyri

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