Norway's wealth tax increase since 2021 has led over 100 wealthy residents to leave for Switzerland.

Norway's wealth tax, increased by its center-left government since 2021, has led to over 100 of the country's wealthiest residents leaving, mainly for Switzerland. The tax, which now ranges from 0.85% to 1.1%, has caused some entrepreneurs to take out dividends, hampering company investment. The government plans to tighten the "exit tax" to require those who move abroad to pay 37.84% of gains within 12 years, but critics argue this targets millionaires rather than addressing the tax burden on Norwegian shareholders.