Norway's Wealth Tax: Balancing Equality and Entrepreneurial Exodus ...Middle East

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Norways Wealth Tax: Balancing Equality and Entrepreneurial Exodus
source : Devdiscourse ( Middle East ) () 47
Norway's wealth tax, effective since 1892, has become a contentious subject as it navigates between promoting equality and prompting a capital flight. The levy, which hits net wealth starting at 1.76 million crowns at 1% and 1.1% for wealth beyond 20.7 million crowns, has driven a notable exodus of millionaires seeking refuge abroad.

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