The recent wealth tax increase in Norway was expected to bring an additional $146M in yearly tax revenue.
Instead, individuals worth $54B left the country, leading to a lost $594M in yearly wealth tax revenue.
A net decrease of $448M+
🇳🇴 The recent wealth tax increase in Norway was expected to bring an additional $146M in yearly tax revenue.
— CitizenX (@CitizenX) June 3, 2024
Instead, individuals worth $54B left the country, leading to a lost $594M in yearly wealth tax revenue.
A net decrease of $448M+ ↓ pic.twitter.com/9KTndm2BtZ
