Re:Norway Is Walking Away from Billions of Barrels of Oil
by marvin on Thursday April 11, 2019 @03:41PM
(#19638362)
Okay. Comparisons of personal income tax in Norway usually come out very misleading, since personal income tax only accounts for around half of a person's total tax burden.
(For instance, there's a 14% employment tax, 25% VAT, car taxes that increase vehicle purchase cost by 100% and fuel cost by 200%, toll roads that are impossible to avoid during daily errands, 0.85% annual net worth tax, 31% capital gains tax, property taxes and municipal taxes, and that's without getting into extra taxes for luxury products or how corporate profits are taxed).
(For instance, there's a 14% employment tax, 25% VAT, car taxes that increase vehicle purchase cost by 100% and fuel cost by 200%, toll roads that are impossible to avoid during daily errands, 0.85% annual net worth tax, 31% capital gains tax, property taxes and municipal taxes, and that's without getting into extra taxes for luxury products or how corporate profits are taxed).