Norway Risks Outflow of Startups Dismayed by Harsher Exit Tax

Norway’s planned changes to a so-called exit tax threaten to trigger a wave of departures by startup founders and companies, according to a lobby group.

The Norwegian government in March announced its latest step to close tax loopholes for wealthy expatriates by setting a deadline for the payment of an exit tax on unrealized changes in the value of their assets, or their transfer. That plan follows increases in wealth and dividend taxes since 2022 that have prompted dozens of the country’s richest to relocate, mainly to Switzerland.