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Tax-the-Rich Era in Nordics Is Showing Signs of a Comeback (1)

Oct. 4, 2021, 12:56 PM

With the pandemic mostly behind them, Nordic countries are placing themselves in the vanguard of global economies trying to get rich people to fund public finances more in the aftermath of the ordeal.

In Norway, the Labor Party that just won last month’s election wants to roll back cuts in the country’s wealth tax enacted by the previously Conservative-led coalition. Meanwhile Denmark is proposing that its “richest 1%” pay more on dividends and capital gains from shares. And Finland’s government is poised to impose an exit levy aimed at affluent emigrants.

With Joe Biden’s administration trying to raise taxes ...