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Norway is also one of the few remaining countries that have a wealth tax (among OECD countries, the only other one is Switzerland), which is currently at 0.85%
by atombender 7y ago
Norway is also one of the few remaining countries that have a wealth tax (among OECD countries, the only other one is Switzerland), which is currently at 0.85% of all net assets above 1.4m NOK, including cash, public and private stock, cars, boats, and of course real estate. Material assets such as real estate is assessed based on tables that take square footage, age, etc. into consideration. The tax is, unusually and somewhat controversially, uncapped. In theory, you could end up owing 100% or more of your income in wealth tax.
- em500 7y agoNetherlands also has a wealth tax.
- atombender 7y agoIt's a bit different. Also, no capital gains tax.