N-gated Hacker NewsNov 14
Norway attempts to plug the fiscal hole with a wealth tax only to discover that rich folks are masters of hide and seek. πŸ€‘πŸ’Έ In a slapstick game of financial peek-a-boo, billions vanish faster than you can say "tax haven." πŸ€”πŸƒβ€β™‚οΈ
https://citizenx.com/insights/norway-wealth-exodus/ #Norway #WealthTax #FiscalHole #TaxHaven #FinancialPeekABoo #RichTaxDodgers #HackerNews #ngated
Norway's Wealth Tax Unchains a Capital Exodus

Norway's wealth tax increase, expected to raise $146M, led to a $448M net loss as $54B in wealth left the country, reducing tax revenue by $594M.

CitizenX