Norway Risks Outflow of Startups Dismayed by Harsher Exit Tax
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Norway Risks Outflow of Startups Dismayed by Harsher Exit Tax
The Norwegian government in March announced its latest step to close tax loopholes for wealthy expatriates by setting a deadline for the payment of an exit tax on unrealized changes in the value of their assets, or their transfer. That plan follows increases in wealth and dividend taxes since 2022 that have prompted dozens of the country’s richest to relocate, mainly to Switzerland.
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