Reported 7 months ago
Norway's proposed tax increase for the wealthiest citizens is sparking opposition from entrepreneurs concerned about its impact on the economy's reliance on oil and gas. The measure aims to close a tax loophole used by billionaires who have relocated to Switzerland but faces criticism from startup founders who fear hiring freezes and talent drain to more tax-friendly locations like the UK. While the policy aligns with international trends for taxing High Net Worth Individuals, it has sparked debate over Norway's economic diversification and competitiveness.
Source: YAHOO