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Visegrád 24

@visegrad24

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Norway wanted to increase tax revenue by $146M. To achieve this, the wealth tax was raised. The result however was slightly different: individuals worth $54B left the country. This led to $594M less in wealth tax revenue. The net loss? $448M. The Laffer Curve is Econ. 101.

Norway wanted to increase tax revenue by $146M.

To achieve this, the wealth tax was raised.

The result however was slightly different: individuals worth $54B left the country.

This led to $594M less in wealth tax revenue.

The net loss? $448M.

The Laffer Curve is Econ. 101.