I dont like the wealth tax, but your numbers are not accurate. There is a discount and deductions on the wealth tax, but after the last election the discount has been reduced drastically.
It's not normally a very large issue, but I really don't like it. Most companies on the exchange makes money, and those who are not on the exchange are taxed on their assets. So in most cases it works out, but not always.
Usually owners use dividends to withdraw money to pay the tax, but that means even more tax as you have to pay tax on the dividends too.
The right side wants to remove the tax on investments, and maybe compensate by increasing the corporate tax. That way the tax on the annual result will be a bit higher, but there will be no wealth tax. This also levels the playing ground when it comes to Norwegian and foreign investors as the tax won't be based on where the owner is from.
Gotcha! I did a 2 second google to illustrate what I was trying to ask in my original question about someone trying to recruit researchers. I did a ChatGPT query to see what my hypothetical would be and it quoted ~$44,880 USD, not taking it as gospel though.
I have worked at startups and got some worthless equity. I've also launched some (small) things on my own and am very interested in building large things, raising some money, etc.
Given OOP is actively recruiting I'm really just curious how this could effect your/their/someone in or interested in Norway's thinking when they could go anywhere in the EU or from TFA, remain in the US.
It's not normally a very large issue, but I really don't like it. Most companies on the exchange makes money, and those who are not on the exchange are taxed on their assets. So in most cases it works out, but not always.
Usually owners use dividends to withdraw money to pay the tax, but that means even more tax as you have to pay tax on the dividends too.
The right side wants to remove the tax on investments, and maybe compensate by increasing the corporate tax. That way the tax on the annual result will be a bit higher, but there will be no wealth tax. This also levels the playing ground when it comes to Norwegian and foreign investors as the tax won't be based on where the owner is from.