Billionaires Fleeing Norway Face Stricter Taxes in New Plan
- Nordic country’s government to close a loophole used by rich
- Scores of Norway’s richest left the country in last two years
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Norway unveiled plans to remove a loophole used by the Nordic nation’s richest leaving the country, as the government attempts to drag more tax revenue out of the fleeing billionaires.
The plan comes after reports that dozens of Norway’s richest have migrated, mainly for Switzerland, during the last two years following the minority Labor-led government’s push to steeply raise wealth and dividend taxes.