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Benzinga
Benzinga
Business
Kaili Killpack

Can Wealth Taxes Work? Norway Shows Some Millionaires Will Leave, But The System Endures

Tax Filing Stays Complicated With No ‘Direct File’

Wealth taxes are a hot topic in policy debates from Europe to the U.S., and Norway offers one of the most instructive examples. The Nordic nation has been taxing personal fortunes since 1892, and while the levy has prompted some millionaires to leave, it continues to generate meaningful revenue and support one of the world's most equal societies.

Millionaires on the Move

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