Norway wealth tax increases will trigger capital flight, finance minister says
A change in government in the upcoming elections could lead to higher wealth taxes, trigger a capital flight and threaten job creation, Norway's finance minister warns
04 June 2021 - 11:29
Norway’s finance minister warned that a change in government in the upcoming elections would lead to a higher wealth tax, trigger capital flight and threaten job creation in the richest Nordic nation.
The September elections could reverse the incumbent Conservative-led coalition’s efforts to reduce wealth taxes, Jan Tore Sanner said in an interview. This would hamper investments to create new income streams that could make up for declining oil revenue, he said...
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