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A comment on Tax the Rich – European Citizens' Initiative. Parent comment

Re:Tax the Rich – European Citizens' Initiative by vidarh on Wednesday September 18, 2024 @07:22AM (#41578323)
Norway has a wealth tax too, and the wealth tax applies to your shares as well, so wrapping a business around your holdings at best gives you a discount.
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Re:Tax the Rich – European Citizens' Initiative by bwb on Wednesday September 18, 2024 @07:29AM (#41578388)
Does Norway have capital gains?

Switzerland also has a wealth tax. It can work in small countries with unique resources or focuses. But they are the few, and Switzerland treats it more like a club with negotiating on the top end.

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Re:Tax the Rich – European Citizens' Initiative by vidarh on Wednesday September 18, 2024 @07:39AM (#41578470)
Yes, up to 38% (above a threshold, and with heavy deductions for holding an asset long-term)

Switzerland is the favored destination for rich Norwegians seeking to avoid Norwegian wealth tax, as it typically ends up far lower - not sure of the specifics.

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