Norway counts the cost of its new wealth tax as billionaires flee to Switzerland

Norway counts the cost of its new wealth tax as billionaires flee to Switzerland

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“A difficult choice has been made. I’ve moved from Asker, Norway, to Lugano in Switzerland,” Norway’s biggest taxpayer, and the largest shareholder of investment firm Aker ASA, Kjell Inge Røkke wrote to the rest of the board in an open letter last September. Mr Røkke, an industrial tycoon with an…

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