Norway to Ease Proposed Exit Tax Threshold, Add Dividend Clause

Norway’s government is adjusting its proposal for a tax on the wealthy leaving the Nordic country by softening the tax threshold while tightening the rules on its payment.

The proposed threshold will be lifted to 3 million kroner ($280,000) from the previous plan of 500,000 kroner, the cabinet said in a statement on Monday. The tax on unrealized increases in the value of assets or their transfer would mostly apply from March 20 this year. All transactions on and after Oct. 7 will have to be paid in tandem with the distribution of dividends to remove “an additional weakness” in ...