Norway Wealth Tax U-Turn Would Threaten Growth, Sanner Says (1)

Norway’s finance minister warned that a change in government in the upcoming elections would lead to a higher wealth tax, trigger capital flight and threaten job creation in the richest Nordic nation.

The September elections could reverse the incumbent Conservative-led coalition’s efforts to reduce wealth taxes, Jan Tore Sanner said in an interview. This would hamper investments to create new income streams that could make up for declining oil revenue, he said.

Jan Tore Sanner

Photographer: Marte Garmann

The Nordic nation is one of five members of the Organization for Economic Cooperation and Development that still taxed individuals’ net wealth as of 2019, the latest ...