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All the things you mention also apply if the company is Norwegian, and then you can also tax the profit. So there is no benefit here, only downsides. By having
by Kon5ole 1mo ago
All the things you mention also apply if the company is Norwegian, and then you can also tax the profit. So there is no benefit here, only downsides.
By having this policy, the country not only loses all the money they could get from taxes once the company ACTUALLY makes money, but they also give control of the nation's future to foreign actors.
So this is quite obviously an extremely bad policy that is a net harm to everyone living in Norway. It leaves the nation and the citizens with less money, fewer resources and fewer options than if the policy had not existed. The policy has for sure already cost the nation several hundreds of billions in future taxes.
It is also morally wrong, of course.
Maybe you can understand why if you consider this: The policy is equivalent to taxing the unemployed because they might get employed one day in the future, and then demanding the payment before that happens.