Norway’s Wealth Tax Is Backfiring. Are Americans Paying Attention?

According to The Guardian, Norway's wealth tax is backfiring as more than 30 Norwegian billionaires and multimillionaires left the country in 2022.

In 2022 Norway’s third richest man, Kjell Inge Røkke, announced in an open letter to shareholders he was moving to Lugano, Switzerland.

“My capital will continue working in Norway,” wrote the fishing magnate turned industrialist who launched his empire four decades ago with a 69-foot trawler he bought while saving money working on ships of...

Subscribe to view this content.

 
Do you have a tip or sensitive material to share with GGI? Are you a journalist, researcher or independent blogger and want to write for us? You can reach us at [email protected].