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Norway has a wealth tax too, and the wealth tax applies to your shares as well, so wrapping a business around your holdings at best gives you a discount.
by vidarh 2y ago
Norway has a wealth tax too, and the wealth tax applies to your shares as well, so wrapping a business around your holdings at best gives you a discount.
- deleted 2y ago[deleted]
- bwb 2y agoDoes Norway have capital gains? Switzerland also has a wealth tax. It can work in small countries with unique resources or focuses. But they are the few, and Switzerland treats it more like a club with negotiating on the top end.
- vidarh 2y agoYes, up to 38% (above a threshold, and with heavy deductions for holding an asset long-term) Switzerland is the favored destination for rich Norwegians seeking to avoid Norwegian wealth tax, as it typically ends up far lower - not sure of the specifics.