Norway's proposed exit tax for individualsnews.bloombergtax.com 4 pointskldx2 years ago4 commentsSaveHideCopy link On HNComments−kldxOP2yPrivate individuals moving from Norway will have to pay exit tax on accrued but unrealized capital gains within 12 years, under a proposal published Wednesday by the Nordic country’s finance ministry.−metadat2yThat's pretty harsh to tax unrealized gains, chilling. This seems more like a blatant cash grab than legitimate need.−kldxOP2yThe tech industry here is tiny but growing. This move could affect startups disproportionately.−kldxOP2yNon paywalled but in norwegian: https://www.pwc.no/no/pwc-aktuelt/skjerpet-exit-skatt.html
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That's pretty harsh to tax unrealized gains, chilling. This seems more like a blatant cash grab than legitimate need.
The tech industry here is tiny but growing. This move could affect startups disproportionately.
Non paywalled but in norwegian: https://www.pwc.no/no/pwc-aktuelt/skjerpet-exit-skatt.html