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Saying country like Norway has open economy without capital controls is just not true. Try to leave that welfare paradise, you are still on hook as tax residen
by bebe839494 2mo ago
Saying country like Norway has open economy without capital controls is just not true.
Try to leave that welfare paradise, you are still on hook as tax resident for extra three years after leaving!
- deleted 2mo ago[deleted]
- citadel_melon 2mo agoTaxes on income is not usually what people mean by capital controls. Usually they’re talking about free flow of capital between currencies. But even by your unconventional definition, Norwegians have it easy compared to US citizens. The US demands those renouncing their citizenship to “sell” (a deemed sale) their assets and pay capital gains. If you move abroad without renouncing your citizenship, you still have to pay income tax.