Tid er penger - En podcast med Peter Warren En masterclass i skatt - Advokat Harald Hauge
Oct 31, 2024
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Norwegian Tax Rates
- Key Norwegian tax rates include 22% on capital gains, 47.4% on marginal income, and 37.8% on dividends.
- Wealth tax is 1-1.1%, depending on the net worth, impacting those with illiquid assets more.
Norway's Net Worth Tax
- Norway's wealth tax is unique because it's based on net worth, including illiquid assets.
- This poses challenges, especially for those with low income or illiquid assets, as they struggle to pay taxes on unrealized gains.
Wealth Tax Impact on Businesses
- Wealth tax forces business owners to withdraw income to pay taxes, even with losses.
- With high marginal tax rates, this creates a vicious cycle, as more income must be withdrawn to cover taxes on withdrawals.