Rich Norwegians flee to Switzerland

Dhe new year in Norway started the way the old one had ended: with reports of millionaires leaving the country. More than 30 of Norway’s richest people were in the last year Switzerland and other states moved to pay less taxes. These include owners of fish oil factories, real estate entrepreneurs, shipowners and investors. These are often the heirs of the founding generation. More were added earlier this year. These include Eystein Sævareid Aase, heir to a chain of kindergartens, and Kenneth Goovaerts Bern, co-founder of a company in the food industry. There is therefore talk of an “exodus” of the rich in the country.

Julian Staib

Political correspondent for northern Germany and Scandinavia based in Hamburg.

The reason for this is the taxes. The government increased the wealth tax last year to 1.1 percent on net wealth of NOK 1.7 million. This corresponds to 160,000 euros. At the same time, the tax on dividends was increased and the deduction on shares reduced. In addition, the rules for a so-called exit tax have been tightened, with which unrealized gains in Norway be taxed when people leave the country.

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