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Fleeing taxes, Norwegians flock to Switzerland

2023-04-21T19:29:14.952Z


SEEN FROM ELSEWHERE - For months, large Norwegian fortunes have come to settle in Switzerland because of a tax increase in their country. And it's not about to stop.


By Julien Wicky

(La Tribune de Genève)

The

Sveits-bølge

(note: the Swiss wave)

is a story from the north that seriously undermines the idea, very widespread in our latitudes, that the rich do not move in the event of a tax increase.

Because it is indeed a veritable exodus of millionaires to Switzerland that Norway has been witnessing for several months.

Hardly a day goes by without the case making the news in this country.

At the beginning of the week, the international press echoed it again, but the picture dated mainly from last November.

At that time, oil magnate Kjell Inge Røkke, one of the country's first fortunes, publicly announced his departure for Lugano, touting its central position in the heart of Europe.

But since then, the erosion has not stopped, and the tax lawyers who advise these emigrants are formal: the cause of the flight is above all fiscal.

Uninterrupted flow of departures

Norway's leading business daily,

Dagens Næringsliv

, updates…

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Source: lefigaro

All news articles on 2023-04-21

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